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

StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note released on Wednesday morning. The firm issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Wednesday. The company has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The company’s 50 day moving average is $37.74 and its 200 day moving average is $32.44. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $38.00. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in Adams Resources & Energy by 118.5% in 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 period. Geode Capital Management LLC raised its position in Adams Resources & Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after acquiring an additional 1,916 shares during the period. Cerity Partners LLC raised its position 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 acquiring an additional 10,977 shares during the period. Empowered Funds LLC raised its position in 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 acquiring an additional 938 shares during the period. Finally, Ascension Capital Advisors Inc. bought a new position in Adams Resources & Energy in the fourth quarter worth approximately $201,000. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Company Profile

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.