Equities research analysts at StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE - Get Free Report) in a research report issued on Thursday. The brokerage set a "buy" rating on the stock.
Separately, B. Riley reiterated a "neutral" rating and set a $38.00 target price (down previously from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.
Get Our Latest Stock Analysis on Adams Resources & Energy
Adams Resources & Energy Stock Up 0.4 %
Shares of AE stock traded up $0.14 on Thursday, reaching $37.50. 5,613 shares of the company were exchanged, compared to its average volume of 10,711. The company has a 50-day moving average of $36.89 and a 200-day moving average of $29.59. Adams Resources & Energy has a one year low of $22.30 and a one year high of $37.90. The company has a market cap of $96.38 million, a price-to-earnings ratio of -11.87 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89.
Adams Resources & Energy (NYSE:AE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($1.20). The firm had revenue of $695.16 million for 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%. Analysts anticipate 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 have recently made changes to their positions in AE. Barclays PLC boosted its stake in Adams Resources & Energy by 118.5% in the 3rd 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. Bard Associates Inc. increased its holdings in Adams Resources & Energy by 13.1% during the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company's stock worth $336,000 after acquiring an additional 1,443 shares during the period. Empowered Funds LLC lifted its stake in Adams Resources & Energy by 5.3% in the 3rd 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. Cerity Partners LLC grew its position in shares of Adams Resources & Energy by 117.1% during the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company's stock valued at $549,000 after purchasing an additional 10,977 shares in the last quarter. Finally, Wittenberg Investment Management Inc. raised its position in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company's stock worth $576,000 after buying an additional 339 shares in the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.
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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