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

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

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

Adams Resources & Energy Stock Performance

Shares of AE opened at $37.75 on Tuesday. 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 has a market cap of $97.17 million, a P/E ratio of -11.95 and a beta of 0.87. The business’s 50 day moving average price is $34.68 and its 200-day moving average price is $28.70. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90.

Adams Resources & Energy (NYSE:AE) last released 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). 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. Equities research analysts anticipate that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Adams Resources & Energy

Hedge funds and other institutional investors have recently bought and sold shares of 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. Bard Associates Inc. boosted its position in 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 grew its stake in shares of Adams Resources & Energy by 5.3% during 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 increased 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 during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its stake in shares of 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 purchasing an additional 339 shares during the period. Institutional investors own 57.81% of the company’s stock.

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.