Adams Resources & Energy (NYSE:AE) Research Coverage Started at StockNews.com

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

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

Adams Resources & Energy Stock Up 0.0 %

Adams Resources & Energy stock opened at $37.20 on Friday. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $37.90. The business has a fifty day moving average price of $31.15 and a 200-day moving average price of $27.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The stock has a market capitalization of $95.98 million, a price-to-earnings ratio of -11.77 and a beta of 0.86.

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 the consensus estimate of ($0.56) by ($1.20). The firm had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million. Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. Equities research analysts forecast that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Adams Resources & Energy Dividend Announcement

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

Hedge Funds Weigh In On Adams Resources & Energy

Institutional investors have recently modified their holdings of the business. Barclays PLC increased its holdings in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after acquiring an additional 1,049 shares during the last quarter. Bard Associates Inc. boosted its holdings 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 purchasing an additional 1,443 shares in the last quarter. Empowered Funds LLC boosted its position in shares of 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 lifted 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 acquiring an additional 10,977 shares during the period. Finally, Wittenberg Investment Management Inc. raised its holdings 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 last quarter. Institutional investors and hedge funds 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.