Analysts at StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE - Get Free Report) in a report released on Monday. The firm set a "buy" rating on the stock.
Separately, B. Riley reaffirmed a "neutral" rating and issued a $38.00 price target (down previously from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.
Check Out Our Latest Stock Report on AE
Adams Resources & Energy Stock Down 0.1 %
AE traded down $0.05 on Monday, reaching $37.25. 2,577 shares of the company traded hands, compared to its average volume of 9,550. The company has a market cap of $95.88 million, a price-to-earnings ratio of -11.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The stock's 50 day moving average price is $33.12 and its 200-day moving average price is $28.18. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90.
Adams Resources & Energy (NYSE:AE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.56) by ($1.20). The company had revenue of $695.16 million during the quarter, compared to analyst estimates 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, sell-side analysts expect that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.
Institutional Investors Weigh In On Adams Resources & Energy
A number of hedge funds have recently bought and sold shares of AE. Barclays PLC grew its stake in shares of Adams Resources & Energy by 118.5% in the third 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 last quarter. Bard Associates Inc. boosted its holdings in Adams Resources & Energy by 13.1% in 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 during the period. Empowered Funds LLC grew its position in Adams Resources & Energy by 5.3% in the 3rd 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 last quarter. Cerity Partners LLC increased its holdings 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 worth $549,000 after purchasing an additional 10,977 shares during the period. Finally, Wittenberg Investment Management Inc. increased its holdings in shares of Adams Resources & Energy by 1.6% during 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. 57.81% of the stock is currently owned by institutional investors.
Adams Resources & Energy Company Profile
(
Get Free Report)
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.
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