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

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a report published on Monday morning. The brokerage issued a buy rating on the stock.

Separately, B. Riley reissued a “neutral” rating and issued a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.

Adams Resources & Energy Price Performance

Shares of AE opened at $37.30 on Monday. 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 company’s fifty day simple moving average is $33.34 and its 200 day simple moving average is $28.26. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $37.90. The company has a market cap of $96.01 million, a price-to-earnings ratio of -11.80 and a beta of 0.87.

Adams Resources & Energy (NYSE:AE) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($1.20). The firm had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. On average, research analysts forecast that Adams Resources & Energy will post -2.65 earnings per share for the current fiscal year.

Adams Resources & Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.57%. Adams Resources & Energy’s dividend payout ratio (DPR) is currently -30.38%.

Institutional Trading of Adams Resources & Energy

A number of institutional investors have recently bought and sold shares of AE. Cerity Partners LLC lifted its position in Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares during the period. Round Hill Asset Management boosted its position in shares of Adams Resources & Energy by 71.6% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Adams Resources & Energy by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after purchasing an additional 1,916 shares during the last quarter. Bard Associates Inc. raised its stake in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after acquiring an additional 1,443 shares in the last quarter. Finally, Barclays PLC boosted its position 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 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, 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.