StockNews.com Downgrades Adams Resources & Energy (NYSE:AE) to Buy

Adams Resources & Energy (NYSE:AEGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Shares of AE stock opened at $34.72 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.37. The company has a market capitalization of $151.66 million, a P/E ratio of 12.58 and a beta of 0.90. Adams Resources & Energy has a 1 year low of $25.46 and a 1 year high of $39.89.

About Adams Resources & Energy (Get Rating)

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.

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