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

Equities researchers at StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE - Get Free Report) in a report released on Sunday. The firm set a "buy" rating on the stock.

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

Adams Resources & Energy Stock Up 0.0 %

Shares of Adams Resources & Energy stock traded up $0.01 during midday trading on Friday, hitting $37.24. The company had a trading volume of 8,843 shares, compared to its average volume of 9,600. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market capitalization of $95.86 million, a P/E ratio of -11.78 and a beta of 0.87. The company has a 50 day moving average of $31.92 and a 200 day moving average of $27.71.

Adams Resources & Energy (NYSE:AE - Get Free Report) last released 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). The company had revenue of $695.16 million during the quarter, compared to analysts' expectations 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, equities analysts predict that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adams Resources & Energy

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of 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 buying an additional 1,049 shares during the period. Bard Associates Inc. increased its position in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company's stock valued at $336,000 after acquiring an additional 1,443 shares during the last quarter. Empowered Funds LLC lifted its holdings in Adams Resources & Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 18,542 shares of the company's stock valued at $501,000 after acquiring an additional 938 shares during the period. Cerity Partners LLC boosted its position 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 purchasing an additional 10,977 shares during the last quarter. Finally, Wittenberg Investment Management Inc. grew its stake 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 valued at $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.