Adams Resources & Energy (NYSE:AE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report released on Thursday morning. The firm issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.98 on Thursday. Adams Resources & Energy has a one year low of $22.30 and a one year high of $38.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The business’s fifty day moving average price is $37.82 and its 200-day moving average price is $33.17. The stock has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors and hedge funds have recently bought and sold shares of AE. Barclays PLC grew its position in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after acquiring an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Adams Resources & Energy in the 4th quarter worth approximately $93,000. Millennium Management LLC purchased a new stake in Adams Resources & Energy in the 4th quarter worth approximately $200,000. Ascension Capital Advisors Inc. purchased a new stake in Adams Resources & Energy in the 4th quarter worth approximately $201,000. Finally, Net Worth Advisory Group purchased a new stake in Adams Resources & Energy in the 4th quarter worth approximately $209,000. 57.81% of the stock is currently owned by institutional investors.

Adams Resources & Energy Company Profile

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.