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

StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a report released on Monday. The brokerage set a “buy” rating on the stock.

Adams Resources & Energy Price Performance

NYSE AE opened at $37.98 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 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 50 day moving average of $37.98 and a 200-day moving average of $35.39. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $38.00.

Institutional Investors Weigh In On Adams Resources & Energy

A number of large investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after purchasing an additional 1,049 shares during the last quarter. Geode Capital Management LLC raised its stake in Adams Resources & Energy by 8.3% during the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after acquiring an additional 1,916 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Adams Resources & Energy in the 4th quarter valued at approximately $524,000. Atria Investments Inc bought a new stake in shares of Adams Resources & Energy during the 4th quarter valued at approximately $257,000. Finally, Yakira Capital Management Inc. acquired a new position in Adams Resources & Energy during the 4th quarter worth approximately $475,000. 57.81% of the stock is currently owned by institutional investors and hedge funds.

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.