Adams Resources & Energy (NYSE:AE) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

Adams Resources & Energy Price Performance

AE stock opened at $37.98 on Friday. The business’s 50 day simple moving average is $37.87 and its 200 day simple moving average is $33.51. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $38.00. The firm has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On Adams Resources & Energy

A number of large investors have recently added to or reduced their stakes in the stock. CSS LLC IL bought a new stake in shares of Adams Resources & Energy during the 4th quarter worth approximately $513,000. Millennium Management LLC acquired a new position in Adams Resources & Energy during the fourth quarter valued at approximately $200,000. Northern Trust Corp lifted its stake in Adams Resources & Energy by 11.0% during the fourth quarter. Northern Trust Corp now owns 24,026 shares of the company’s stock worth $907,000 after purchasing an additional 2,379 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Adams Resources & Energy in the 4th quarter valued at $372,000. Finally, Credit Industriel ET Commercial bought a new position in shares of Adams Resources & Energy in the 4th quarter valued at $1,330,000. Institutional investors and hedge funds 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.