Adams Resources & Energy (NYSE:AE) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report report published on Friday morning. The brokerage issued a buy rating on the stock.

Separately, B. Riley restated a “neutral” rating and issued a $38.00 target price (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 opened at $37.22 on Friday. The firm has a 50 day simple moving average of $29.78 and a 200 day simple moving average of $27.04. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90. The stock has a market cap of $96.03 million, a P/E ratio of -11.78 and a beta of 0.79. 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 (NYSE:AE) last released its earnings results 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). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The company had revenue of $695.16 million during the quarter, compared to analysts’ expectations of $649.00 million. Research analysts anticipate that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.

Adams Resources & Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s payout ratio is presently -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

A number of large investors have recently bought and sold shares of AE. Barclays PLC raised its holdings in Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after buying an additional 1,049 shares in the last quarter. Bard Associates Inc. increased its holdings in shares of Adams Resources & Energy by 13.1% during the 3rd 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 raised its stake in shares of Adams Resources & Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after acquiring an additional 938 shares in the last quarter. Cerity Partners LLC lifted its holdings in Adams Resources & Energy by 117.1% in the 3rd 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. boosted its position in Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares during the period. 57.81% of the stock is currently owned by institutional investors.

Adams Resources & Energy Company Profile

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.