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

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

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

Adams Resources & Energy Stock Performance

Shares of NYSE AE opened at $37.98 on Wednesday. The firm has a fifty day moving average price of $37.74 and a 200-day moving average price of $32.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The stock has a market cap of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $38.00.

Hedge Funds Weigh In On Adams Resources & Energy

Several institutional investors have recently bought and sold shares of AE. Barclays PLC grew its stake in 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 acquiring an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Adams Resources & Energy during the fourth quarter valued at $93,000. Millennium Management LLC purchased a new position in Adams Resources & Energy during the fourth quarter valued at $200,000. Ascension Capital Advisors Inc. purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth $201,000. Finally, Net Worth Advisory Group purchased a new position in shares of Adams Resources & Energy in the 4th quarter worth $209,000. 57.81% of the stock is owned by hedge funds and other institutional investors.

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.