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

StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued on Thursday. The brokerage set a “buy” rating on the stock.

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

Adams Resources & Energy Stock Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Thursday. The firm has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. Adams Resources & Energy has a one year low of $22.30 and a one year high of $38.00. The business has a 50-day simple moving average of $37.79 and a 200 day simple moving average of $32.96.

Hedge Funds Weigh In On Adams Resources & Energy

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after buying an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth approximately $93,000. Millennium Management LLC purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth approximately $200,000. Ascension Capital Advisors Inc. purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth approximately $201,000. Finally, Net Worth Advisory Group purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

Adams Resources & Energy Company Profile

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.