Adams Resources & Energy, Inc. (NYSE:AE - Get Free Report)'s share price traded up 0.5% during trading on Wednesday . The stock traded as high as $27.19 and last traded at $27.10. 2,347 shares changed hands during trading, a decline of 69% from the average session volume of 7,473 shares. The stock had previously closed at $26.96.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Adams Resources & Energy from a "strong-buy" rating to a "buy" rating in a research report on Thursday, July 4th.
Check Out Our Latest Research Report on Adams Resources & Energy
Adams Resources & Energy Stock Performance
The company has a 50-day moving average of $25.54 and a 200 day moving average of $26.30. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $70.88 million, a PE ratio of -53.08 and a beta of 0.79.
Adams Resources & Energy (NYSE:AE - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.87) earnings per share for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.66). Adams Resources & Energy had a negative net margin of 0.05% and a negative return on equity of 5.43%. The company had revenue of $718.49 million during the quarter, compared to the consensus estimate of $644.24 million. Equities research analysts predict that Adams Resources & Energy, Inc. will post -1.59 EPS for the current year.
Adams Resources & Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Friday, September 13th. Adams Resources & Energy's payout ratio is -184.62%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Adams Resources & Energy stock. Empowered Funds LLC grew its position in shares of Adams Resources & Energy, Inc. (NYSE:AE - Free Report) by 8.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 16,344 shares of the company's stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned about 0.64% of Adams Resources & Energy worth $474,000 at the end of the most recent quarter. 57.81% of the stock is owned by hedge funds and other institutional investors.
About Adams Resources & Energy
(
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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