StockNews.com Begins Coverage on Adams Resources & Energy (NYSE:AE)

Equities researchers at StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

Shares of AE stock opened at $37.98 on Friday. The business’s 50 day simple moving average is $37.98 and its 200 day simple moving average is $37.15. Adams Resources & Energy has a one year low of $22.30 and a one year high of $38.00. The stock has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89.

Institutional Trading of Adams Resources & Energy

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in Adams Resources & Energy by 118.5% in 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. Skandinaviska Enskilda Banken AB publ bought a new stake in Adams Resources & Energy in the fourth quarter valued at approximately $93,000. Millennium Management LLC bought a new stake in Adams Resources & Energy in the fourth quarter valued at approximately $200,000. Ascension Capital Advisors Inc. bought a new position in shares of Adams Resources & Energy during the 4th quarter worth approximately $201,000. Finally, Net Worth Advisory Group bought a new position in shares of Adams Resources & Energy during the 4th quarter worth approximately $209,000. 57.81% of the stock is currently owned by institutional investors.

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.