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 report released on Tuesday. 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 Stock Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Tuesday. The stock has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock’s 50-day simple moving average is $37.67 and its 200 day simple moving average is $31.91.

Institutional Investors Weigh In On Adams Resources & Energy

Several large investors have recently added to or reduced their stakes in AE. Barclays PLC raised its holdings 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 acquiring an additional 1,049 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Adams Resources & Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after purchasing an additional 1,916 shares during the last quarter. Cerity Partners LLC raised its stake in Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after purchasing an additional 10,977 shares in the last quarter. Empowered Funds LLC lifted its position in Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after purchasing an additional 938 shares during the last quarter. Finally, Ascension Capital Advisors Inc. purchased a new position in Adams Resources & Energy in the 4th quarter worth approximately $201,000. 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.