Adams Resources & Energy (NYSE:AE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report report published on Sunday. The brokerage issued a buy rating on the stock.

Adams Resources & Energy Price Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Friday. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $38.00. The company has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $37.98 and a 200 day moving average price of $34.94.

Institutional Investors Weigh In On Adams Resources & Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AE. Barclays PLC raised its holdings in shares of Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after acquiring an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Adams Resources & Energy during the 4th quarter worth about $93,000. Millennium Management LLC acquired a new stake in shares of Adams Resources & Energy during the 4th quarter valued at about $200,000. Ascension Capital Advisors Inc. bought a new stake in shares of Adams Resources & Energy in the 4th quarter valued at approximately $201,000. Finally, Net Worth Advisory Group acquired a new position in Adams Resources & Energy in the fourth quarter worth approximately $209,000. Hedge funds and other institutional investors own 57.81% of the company’s stock.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.