StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE - Free Report) in a research report released on Sunday. The brokerage issued a buy rating on the stock.
Separately, B. Riley reaffirmed 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.
View Our Latest Analysis on Adams Resources & Energy
Adams Resources & Energy Stock Performance
Shares of NYSE AE remained flat at $37.98 during midday trading on Friday. The stock had a trading volume of 6,983 shares, compared to its average volume of 19,117. 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 moving average price of $37.51 and a two-hundred day moving average price of $30.99. The stock has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $38.00.
Adams Resources & Energy (NYSE:AE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The company had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. Equities analysts expect that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. First Wilshire Securities Management Inc. increased its position in Adams Resources & Energy by 2.9% during the 4th quarter. First Wilshire Securities Management Inc. now owns 32,821 shares of the company's stock valued at $1,239,000 after purchasing an additional 932 shares during the period. Geode Capital Management LLC boosted its stake in shares of Adams Resources & Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 25,765 shares of the company's stock valued at $973,000 after purchasing an additional 641 shares in the last quarter. Chicago Capital Management LLC purchased a new position in shares of Adams Resources & Energy during the fourth quarter valued at about $3,648,000. Skandinaviska Enskilda Banken AB publ bought a new position in Adams Resources & Energy in the fourth quarter worth about $93,000. Finally, Net Worth Advisory Group purchased a new stake in Adams Resources & Energy in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 57.81% of the company's stock.
Adams Resources & Energy Company Profile
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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.
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