StockNews.com Upgrades Adams Resources & Energy (NYSE:AE) to “Strong-Buy”

Adams Resources & Energy (NYSE:AE) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Separately, Singular Research reissued a “buy” rating on shares of Adams Resources & Energy in a report on Thursday, March 28th.

Adams Resources & Energy Price Performance

NYSE AE opened at $27.90 on Wednesday. The stock has a market capitalization of $71.70 million, a price-to-earnings ratio of 41.64 and a beta of 0.78. Adams Resources & Energy has a 1-year low of $22.67 and a 1-year high of $37.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.96. The business’s fifty day moving average price is $27.31 and its 200-day moving average price is $26.37.

Adams Resources & Energy (NYSE:AE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.17. The company had revenue of $661.05 million during the quarter, compared to analysts’ expectations of $555.03 million. Adams Resources & Energy had a negative return on equity of 4.02% and a net margin of 0.06%. On average, equities analysts predict that Adams Resources & Energy will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Adams Resources & Energy

Large investors have recently modified their holdings of the stock. Ancora Advisors LLC lifted its stake in shares of Adams Resources & Energy by 112.2% during the 3rd quarter. Ancora Advisors LLC now owns 24,614 shares of the company’s stock worth $829,000 after acquiring an additional 13,015 shares during the last quarter. Knightsbridge Asset Management LLC bought a new position in shares of Adams Resources & Energy in the third quarter worth about $300,000. Perritt Capital Management Inc. increased its stake in Adams Resources & Energy by 33.3% in the 3rd quarter. Perritt Capital Management Inc. now owns 4,000 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares during the period. Wittenberg Investment Management Inc. lifted its holdings in Adams Resources & Energy by 12.8% during the 4th quarter. Wittenberg Investment Management Inc. now owns 18,279 shares of the company’s stock valued at $479,000 after buying an additional 2,076 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Adams Resources & Energy by 8.1% in the 1st quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock worth $474,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.