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

Equities researchers at StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

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

Adams Resources & Energy Price Performance

Shares of NYSE:AE opened at $37.31 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $35.30 and its 200-day moving average is $29.00. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. The firm has a market capitalization of $96.04 million, a price-to-earnings ratio of -11.81 and a beta of 0.84.

Adams Resources & Energy (NYSE:AE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The company had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million. Sell-side analysts forecast that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors and hedge funds have recently made changes to their positions in AE. Cerity Partners LLC lifted its position in Adams Resources & Energy by 117.1% in the third 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 during the last quarter. Round Hill Asset Management increased its stake in shares of Adams Resources & Energy by 71.6% in the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after buying an additional 9,587 shares during the period. Geode Capital Management LLC raised its holdings in Adams Resources & Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after buying an additional 1,916 shares during the last quarter. Bard Associates Inc. boosted its position in Adams Resources & Energy by 13.1% during the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after buying an additional 1,443 shares during the period. Finally, Barclays PLC grew its stake 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 worth $52,000 after purchasing an additional 1,049 shares during the last quarter. Institutional investors own 57.81% of the company’s stock.

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.