Adams Resources & Energy (NYSE:AE) Earns Buy Rating from Analysts at StockNews.com

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

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

Adams Resources & Energy Trading Down 1.2 %

NYSE:AE opened at $37.30 on Tuesday. 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 1 year low of $22.30 and a 1 year high of $37.90. The stock has a market cap of $96.01 million, a P/E ratio of -11.80 and a beta of 0.87. The stock has a 50-day simple moving average of $34.88 and a 200-day simple moving average of $28.76.

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). Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. The company had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million. As a group, analysts anticipate that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.

Adams Resources & Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.57%. Adams Resources & Energy’s payout ratio is -30.38%.

Institutional Trading of Adams Resources & Energy

Several large investors have recently bought and sold shares of AE. Geode Capital Management LLC increased its stake in shares of Adams Resources & Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after purchasing an additional 1,916 shares in the last quarter. Round Hill Asset Management grew its holdings in Adams Resources & Energy by 71.6% during the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after buying an additional 9,587 shares during the last quarter. Wittenberg Investment Management Inc. increased its position 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 buying an additional 339 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of 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 last quarter. Finally, Empowered Funds LLC lifted its position 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 valued at $501,000 after acquiring an additional 938 shares in 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.