StockNews.com Initiates Coverage on Adams Resources & Energy (NYSE:AE)

StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued on Sunday. The brokerage set a “buy” rating on the stock.

Separately, B. Riley reiterated a “neutral” rating and issued a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.

Adams Resources & Energy Stock Up 0.0 %

Adams Resources & Energy stock opened at $37.25 on Friday. Adams Resources & Energy has a one year low of $22.30 and a one year high of $37.90. The stock has a fifty day moving average of $31.92 and a 200 day moving average of $27.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market cap of $95.88 million, a PE ratio of -11.79 and a beta of 0.87.

Adams Resources & Energy (NYSE:AE) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) 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%. As a group, sell-side analysts predict that Adams Resources & Energy will post -2.65 EPS for the current year.

Hedge Funds Weigh In On Adams Resources & Energy

A number of hedge funds have recently modified their holdings of the company. Barclays PLC grew its position in shares of Adams Resources & Energy by 118.5% during 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 in the last quarter. Bard Associates Inc. grew 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 valued at $336,000 after buying an additional 1,443 shares in the last quarter. Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after buying an additional 938 shares in the last quarter. Cerity Partners LLC raised its position in shares of Adams Resources & Energy by 117.1% during the third 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 holdings 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 institutional investors.

About Adams Resources & Energy

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.