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

StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report sent to investors on Wednesday. The firm issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

Adams Resources & Energy stock opened at $37.25 on Wednesday. The stock has a market cap of $95.88 million, a price-to-earnings ratio of -11.79 and a beta of 0.84. Adams Resources & Energy has a 12-month low of $22.30 and a 12-month high of $37.90. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $36.11 and its 200 day simple moving average is $29.29.

Adams Resources & Energy (NYSE:AE) last issued its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (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 net margin of 0.29% and a negative return on equity of 8.14%. As a group, research analysts anticipate that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Friday, December 6th. Adams Resources & Energy’s dividend payout ratio (DPR) is currently -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Several large investors have recently bought and sold shares of the company. Barclays PLC raised 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 during the period. Bard Associates Inc. increased its stake 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 purchasing an additional 1,443 shares in the last quarter. Empowered Funds LLC increased its stake in Adams Resources & Energy by 5.3% during 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 raised its holdings in Adams Resources & Energy by 117.1% during the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares during the period. Finally, Wittenberg Investment Management Inc. lifted its stake in Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after buying an additional 339 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

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.