Adams Resources & Energy (NYSE:AE) Issues Quarterly Earnings Results

Adams Resources & Energy (NYSE:AE) posted its quarterly earnings data on Tuesday. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20), Zacks reports. The firm 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 8.00%.

Adams Resources & Energy Stock Performance

NYSE AE traded up $0.02 during trading on Thursday, reaching $37.07. The company’s stock had a trading volume of 3,202 shares, compared to its average volume of 8,920. The firm has a market capitalization of $95.27 million, a price-to-earnings ratio of -11.73 and a beta of 0.79. Adams Resources & Energy has a 12 month low of $22.30 and a 12 month high of $37.90. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $26.64 and a 200 day moving average price of $26.31.

Adams Resources & Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio is -30.38%.

Analyst Ratings Changes

Separately, B. Riley restated a “neutral” rating and set a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.