Adams Resources & Energy (NYSE:AE) Coverage Initiated by Analysts at StockNews.com
StockNews.com has initiated coverage on Adams Resources & Energy (NYSE:AE), issuing a "buy" rating. B. Riley has reissued a "neutral" rating with a reduced price target of $38.00. The company reported a quarterly EPS of ($1.76), missing estimates, but revenue was $695.16 million, exceeding expectations. Institutional investors hold 57.81% of the stock. Adams Resources & Energy operates in crude oil marketing, transportation, and storage.
Analysts at StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE - Get Free Report) in a report issued on Sunday. The brokerage set a "buy" rating on the stock.
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Separately, B. Riley reissued a "neutral" rating and issued a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th.
Get Our Latest Report on Adams Resources & Energy
Adams Resources & Energy Stock Performance
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NYSE AE opened at $37.98 on Friday. The firm has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The company has a fifty day moving average price of $37.48 and a 200-day moving average price of $30.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $38.00.
Adams Resources & Energy (NYSE:AE - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The business had revenue of $695.16 million for the quarter, compared to analysts' expectations of $649.00 million. Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. As a group, equities research analysts predict that Adams Resources & Energy will post -2.65 EPS for the current fiscal year.
Institutional Trading of Adams Resources & Energy
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AE. Raymond James Financial Inc. purchased a new stake in Adams Resources & Energy in the fourth quarter worth $524,000. Cerity Partners LLC lifted its stake 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 lifted its stake in Adams Resources & Energy by 71.6% in the third quarter. Round Hill Asset Management now owns 22,979 shares of the company's stock worth $620,000 after acquiring an additional 9,587 shares during the period. Atria Investments Inc purchased a new position in Adams Resources & Energy during the fourth quarter valued at $257,000. Finally, Net Worth Advisory Group purchased a new position in Adams Resources & Energy during the fourth quarter valued at $209,000. Hedge funds and other institutional investors own 57.81% of the company's stock.
Adams Resources & Energy Company Profile
(Get Free Report)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.
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