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 report released on Saturday morning. The brokerage issued a buy rating on the stock.

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

Adams Resources & Energy Trading Up 0.1 %

Adams Resources & Energy stock opened at $37.98 on Friday. 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 has a 52 week low of $22.30 and a 52 week high of $38.00. The company has a 50 day moving average price of $37.41 and a 200 day moving average price of $30.46. The firm has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83.

Adams Resources & Energy (NYSE:AE) last issued 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 during the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. Research analysts forecast that Adams Resources & Energy will post -2.65 EPS for the current year.

Adams Resources & Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, December 6th. Adams Resources & Energy’s dividend payout ratio is currently -30.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Barclays PLC raised its position in 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 acquiring an additional 1,049 shares during the last quarter. Bard Associates Inc. boosted its position in Adams Resources & Energy by 13.1% in 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 during the last quarter. Empowered Funds LLC increased its stake in shares of 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 buying an additional 938 shares during the last quarter. Cerity Partners LLC grew its stake in Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares in the last quarter. Finally, Wittenberg Investment Management Inc. grew its holdings in shares of Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after purchasing an additional 339 shares during the last quarter. 57.81% of the stock is currently owned by institutional investors and hedge funds.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.