Adams Resources & Energy (NYSE:AE) Earns Neutral Rating from B. Riley

B. Riley reiterated their neutral rating on shares of Adams Resources & Energy (NYSE:AE) in a report issued on Wednesday morning, Marketbeat reports. The firm currently has a $38.00 target price on the stock, down from their prior target price of $45.00. B. Riley also issued estimates for Adams Resources & Energy’s Q4 2024 earnings at $0.17 EPS, FY2024 earnings at ($2.65) EPS and FY2025 earnings at $0.47 EPS.

Adams Resources & Energy Price Performance

Adams Resources & Energy stock opened at $37.07 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.04. The firm has a market cap of $95.57 million, a P/E ratio of -11.73 and a beta of 0.79. The business’s fifty day moving average is $26.92 and its two-hundred day moving average is $26.39. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90.

Adams Resources & Energy (NYSE:AE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($1.20). Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. The firm had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Equities research analysts forecast that Adams Resources & Energy will post -1.59 earnings per share for the current fiscal year.

Adams Resources & Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s payout ratio is -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Several large investors have recently modified their holdings of AE. Cerity Partners LLC grew its holdings in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares in the last quarter. Round Hill Asset Management grew its stake in Adams Resources & Energy by 71.6% in the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after purchasing an additional 9,587 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Adams Resources & Energy by 13.1% in the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after buying an additional 1,443 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Adams Resources & Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock valued at $474,000 after buying an additional 1,225 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Adams Resources & Energy by 118.5% in 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. 57.81% of the stock is currently owned by institutional investors.

About Adams Resources & Energy

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.