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

StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a report issued on Thursday morning. The brokerage 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 report on Wednesday, November 13th.

Adams Resources & Energy Stock Performance

NYSE AE opened at $37.98 on Thursday. The company has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $38.00. The business has a 50 day moving average price of $37.82 and a 200-day moving average price of $33.17. 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 Investors Weigh In On Adams Resources & Energy

Several institutional investors have recently bought and sold shares of the stock. Wittenberg Investment Management Inc. grew 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 buying an additional 339 shares in the last quarter. Geode Capital Management LLC grew its holdings in Adams Resources & Energy by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 25,765 shares of the company’s stock worth $973,000 after buying an additional 641 shares in the last quarter. First Wilshire Securities Management Inc. grew its holdings in Adams Resources & Energy by 2.9% during the fourth quarter. First Wilshire Securities Management Inc. now owns 32,821 shares of the company’s stock worth $1,239,000 after buying an additional 932 shares in the last quarter. Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock worth $501,000 after buying an additional 938 shares in the last quarter. Finally, Barclays PLC grew its holdings in Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after buying an additional 1,049 shares in the last quarter. 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.