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

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

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

Adams Resources & Energy Stock Down 0.1 %

NYSE AE opened at $37.20 on Thursday. The business has a fifty day moving average price of $28.55 and a 200 day moving average price of $26.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The company has a market cap of $95.90 million, a P/E ratio of -11.77 and a beta of 0.79. Adams Resources & Energy has a one year low of $22.30 and a one year high of $37.90.

Adams Resources & Energy (NYSE:AE) last issued its earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). The business 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%. Research analysts anticipate that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.

Adams Resources & Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid 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 is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio (DPR) is currently -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

A number of hedge funds have recently modified their holdings of AE. Cerity Partners LLC grew 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. Round Hill Asset Management grew its holdings in shares of Adams Resources & Energy by 71.6% during the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after purchasing an additional 9,587 shares during the period. Geode Capital Management LLC raised its holdings in Adams Resources & Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after buying an additional 1,916 shares during the period. Bard Associates Inc. lifted its position in Adams Resources & Energy by 13.1% in the third 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. Finally, Barclays PLC increased 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 valued at $52,000 after acquiring an additional 1,049 shares during the last quarter. Hedge funds and other 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.