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

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

Adams Resources & Energy Stock Performance

Shares of NYSE AE opened at $37.98 on Friday. The firm’s 50-day moving average price is $37.88 and its two-hundred day moving average price is $33.68. The stock has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $38.00.

Institutional Investors Weigh In On Adams Resources & Energy

Hedge funds have recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after buying an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Adams Resources & Energy during the fourth quarter valued at approximately $93,000. Millennium Management LLC bought a new stake in shares of Adams Resources & Energy during the fourth quarter valued at approximately $200,000. Ascension Capital Advisors Inc. acquired a new position in shares of Adams Resources & Energy during the fourth quarter valued at approximately $201,000. Finally, Net Worth Advisory Group bought a new stake in Adams Resources & Energy during the fourth quarter worth approximately $209,000. Institutional investors own 57.81% of the company’s stock.

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.