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

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

Adams Resources & Energy Stock Performance

Adams Resources & Energy stock opened at $37.98 on Friday. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $38.00. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $37.95 and a two-hundred day simple moving average of $34.36. The company has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AE. Barclays PLC raised 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 valued at $52,000 after purchasing an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth about $93,000. Millennium Management LLC purchased a new stake in Adams Resources & Energy during the 4th quarter valued at $200,000. Ascension Capital Advisors Inc. bought a new stake in shares of Adams Resources & Energy in the fourth quarter worth approximately $201,000. Finally, Net Worth Advisory Group bought a new position in Adams Resources & Energy in the fourth quarter valued at about $209,000. Institutional investors 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.