Adams Resources & Energy (NYSE:AE) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Separately, B. Riley reiterated a “neutral” rating and set a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.

Adams Resources & Energy Stock Performance

NYSE:AE opened at $37.22 on Tuesday. The stock has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $28.55. The stock has a market cap of $95.80 million, a P/E ratio of -11.78 and a beta of 0.87. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $37.90. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

Adams Resources & Energy (NYSE:AE) last announced its earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The business had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. Research analysts anticipate that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors and hedge funds have recently bought and sold shares of AE. Barclays PLC boosted its position in shares of Adams Resources & Energy by 118.5% in the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after acquiring an additional 1,049 shares during the period. Bard Associates Inc. lifted its stake in Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after purchasing an additional 1,443 shares in the last quarter. Empowered Funds LLC boosted its holdings in Adams Resources & Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after purchasing an additional 938 shares during the period. Cerity Partners LLC grew its position in shares of Adams Resources & Energy by 117.1% during the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after purchasing an additional 10,977 shares in the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares during the period. 57.81% of the stock is owned by institutional investors.

About Adams Resources & Energy

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.