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

StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

NYSE AE opened at $37.98 on Monday. The firm has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $37.98 and its two-hundred day moving average price is $35.39. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $38.00.

Hedge Funds Weigh In On Adams Resources & Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chicago Capital Management LLC bought a new position in shares of Adams Resources & Energy during the 4th quarter worth approximately $3,648,000. Cigogne Management SA bought a new position in shares of Adams Resources & Energy in the fourth quarter valued at about $1,809,000. Credit Industriel ET Commercial bought a new stake in shares of Adams Resources & Energy during the 4th quarter worth about $1,330,000. Raymond James Financial Inc. bought a new position in Adams Resources & Energy in the 4th quarter valued at about $524,000. Finally, CSS LLC IL acquired a new stake in Adams Resources & Energy during the fourth quarter worth approximately $513,000. Institutional investors own 57.81% of the company’s stock.

About Adams Resources & Energy

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.