Adams Resources & Energy (NYSE:AE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE - Free Report) in a research note issued to investors on Saturday morning. The brokerage issued 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 Performance

AE stock remained flat at $37.98 during trading on Friday. The company had a trading volume of 6,983 shares, compared to its average volume of 21,122. The firm has a market cap of $97.76 million, a PE ratio of -12.02 and a beta of 0.83. The stock has a 50 day moving average price of $37.44 and a 200-day moving average price of $30.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $38.00.

Adams Resources & Energy (NYSE:AE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $695.16 million during the quarter, compared to the consensus estimate of $649.00 million. Research analysts forecast that Adams Resources & Energy will post -2.65 EPS for the current year.

Adams Resources & Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 2.53%. Adams Resources & Energy's payout ratio is currently -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in 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 purchasing an additional 1,049 shares during the last quarter. Bard Associates Inc. boosted its position in shares of 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 buying an additional 1,443 shares during the last quarter. Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company's stock worth $501,000 after buying an additional 938 shares in the last quarter. Cerity Partners LLC raised its position in Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company's stock valued at $549,000 after buying an additional 10,977 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its stake in 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 acquiring an additional 339 shares in the last quarter. Institutional investors own 57.81% of the company's stock.

About Adams Resources & Energy

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.