StockNews.com Begins Coverage on Adams Resources & Energy (NYSE:AE)

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

Separately, B. Riley reaffirmed 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 Up 0.1 %

AE stock opened at $37.30 on Monday. The company’s 50 day moving average is $33.12 and its 200 day moving average is $28.18. The stock has a market cap of $96.01 million, a price-to-earnings ratio of -11.80 and a beta of 0.87. 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 has a 1-year low of $22.30 and a 1-year high of $37.90.

Adams Resources & Energy (NYSE:AE) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $649.00 million. Sell-side analysts predict that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Adams Resources & Energy

A number of large investors have recently bought and sold shares of AE. Barclays PLC increased 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 valued at $52,000 after purchasing an additional 1,049 shares during the period. Bard Associates Inc. boosted its stake in shares of 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 purchasing an additional 1,443 shares in the last quarter. Empowered Funds LLC increased its position 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 valued at $501,000 after buying an additional 938 shares during the period. Cerity Partners LLC raised its stake in Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares in the last quarter. Finally, Wittenberg Investment Management Inc. lifted its holdings in 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 buying an additional 339 shares during the period. 57.81% of the stock is owned by hedge funds and other 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.