Investment analysts at StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE - Get Free Report) in a note issued to investors on Saturday. The firm set a "buy" rating on the stock.
Separately, B. Riley reissued a "neutral" rating and issued a $38.00 price target (down previously from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th.
Check Out Our Latest Research Report on AE
Adams Resources & Energy Stock Performance
Shares of AE traded up $0.16 during mid-day trading on Friday, reaching $37.19. The company's stock had a trading volume of 22,835 shares, compared to its average volume of 27,251. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90. The company's fifty day moving average price is $30.94 and its two-hundred day moving average price is $27.38.
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 (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The business had revenue of $695.16 million for the quarter, compared to analysts' expectations of $649.00 million. Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. On average, equities research analysts expect that Adams Resources & Energy will post -2.65 earnings per share for the current year.
Hedge Funds Weigh In On Adams Resources & Energy
Several hedge funds and other institutional investors have recently modified their holdings of AE. Empowered Funds LLC raised 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 worth $501,000 after purchasing an additional 938 shares in the last quarter. Wittenberg Investment Management Inc. increased its stake in shares of Adams Resources & Energy by 1.6% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company's stock worth $576,000 after acquiring an additional 339 shares in the last quarter. Round Hill Asset Management lifted its position in Adams Resources & Energy by 71.6% during the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company's stock valued at $620,000 after acquiring an additional 9,587 shares during the period. Bard Associates Inc. boosted its stake in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company's stock worth $336,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Barclays PLC grew its holdings in 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 purchasing an additional 1,049 shares during the period. Hedge funds and other institutional investors own 57.81% of the company's stock.
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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