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

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

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

Adams Resources & Energy Stock Up 0.0 %

NYSE AE opened at $37.24 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90. The firm has a market capitalization of $95.86 million, a price-to-earnings ratio of -11.78 and a beta of 0.87. The company has a fifty day moving average of $31.92 and a two-hundred day moving average of $27.71.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The firm had revenue of $695.16 million during 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%. On average, analysts predict that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Hedge Funds Weigh In On Adams Resources & Energy

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