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

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

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

Adams Resources & Energy Price Performance

Adams Resources & Energy stock opened at $37.98 on Wednesday. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. 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 capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The stock has a 50-day simple moving average of $37.77 and a 200-day simple moving average of $32.58.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in AE. Barclays PLC lifted its stake in 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 buying an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Adams Resources & Energy in the 4th quarter valued at approximately $93,000. Millennium Management LLC purchased a new stake in Adams Resources & Energy in the 4th quarter valued at approximately $200,000. Ascension Capital Advisors Inc. purchased a new stake in Adams Resources & Energy in the 4th quarter valued at approximately $201,000. Finally, Net Worth Advisory Group purchased a new stake in Adams Resources & Energy in the 4th quarter valued at approximately $209,000. Institutional investors and hedge funds 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.