Adams Resources & Energy (NYSE:AE – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Separately, Singular Research reaffirmed a “buy” rating on shares of Adams Resources & Energy in a research note on Thursday, March 28th.
Get Our Latest Analysis on Adams Resources & Energy
Adams Resources & Energy Price Performance
Adams Resources & Energy (NYSE:AE – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.17. Adams Resources & Energy had a net margin of 0.06% and a negative return on equity of 4.02%. The company had revenue of $661.05 million during the quarter, compared to the consensus estimate of $555.03 million. On average, equities analysts anticipate that Adams Resources & Energy will post -0.53 EPS for the current fiscal year.
Institutional Trading of Adams Resources & Energy
An institutional investor recently raised its position in Adams Resources & Energy stock. Wittenberg Investment Management Inc. grew its stake in Adams Resources & Energy, Inc. (NYSE:AE – Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,279 shares of the company’s stock after purchasing an additional 2,076 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.72% of Adams Resources & Energy worth $479,000 as of its most recent SEC filing. 57.81% of the stock is owned by institutional investors.
Adams Resources & Energy Company Profile
Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.
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