Adams Resources & Energy (NYSE:AE) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the stock.

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

Adams Resources & Energy Stock Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 12-month low of $22.30 and a 12-month high of $38.00. The firm has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The firm’s 50 day simple moving average is $37.82 and its two-hundred day simple moving average is $33.10.

Institutional Trading of Adams Resources & Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in shares of Adams Resources & Energy by 118.5% in the third 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 period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Adams Resources & Energy during the fourth quarter worth $93,000. Millennium Management LLC purchased a new stake in Adams Resources & Energy during the fourth quarter worth $200,000. Ascension Capital Advisors Inc. purchased a new stake in Adams Resources & Energy during the fourth quarter worth $201,000. Finally, Net Worth Advisory Group purchased a new stake in Adams Resources & Energy during the fourth quarter worth $209,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

About Adams Resources & Energy

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.