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

Investment analysts at StockNews.com began 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 issued a $38.00 price objective (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 %

Shares of NYSE AE traded up $0.05 during mid-day trading on Thursday, reaching $37.20. The company had a trading volume of 5,317 shares, compared to its average volume of 9,106. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $28.03 and a two-hundred day simple moving average of $26.60. The stock has a market cap of $95.98 million, a P/E ratio of -11.77 and a beta of 0.79. 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 posted its 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 net margin of 0.29% and a negative return on equity of 8.14%. The company had revenue of $695.16 million during the quarter, compared to analysts’ expectations of $649.00 million. Sell-side analysts predict that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Institutional Investors Weigh In On Adams Resources & Energy

Institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in Adams Resources & Energy by 118.5% during 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. Geode Capital Management LLC increased its position in Adams Resources & Energy by 8.3% during the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after purchasing an additional 1,916 shares during the last quarter. Wittenberg Investment Management Inc. increased its position in Adams Resources & Energy by 1.6% during the third 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 last quarter. Round Hill Asset Management increased its position in Adams Resources & Energy by 71.6% during the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after purchasing an additional 9,587 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares during the last quarter. 57.81% of the stock is currently 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.