Investment analysts at StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE – Get Free Report) in a report released on Monday. The brokerage set a “buy” rating on the stock.
Adams Resources & Energy Stock Performance
Adams Resources & Energy stock opened at $37.98 on Monday. The company has a 50 day moving average price of $37.98 and a 200-day moving average price of $35.28. The company has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04.
Hedge Funds Weigh In On Adams Resources & Energy
Several institutional investors have recently made changes to their positions in AE. Chicago Capital Management LLC purchased a new position in Adams Resources & Energy during the 4th quarter valued at about $3,648,000. Cigogne Management SA purchased a new position in Adams Resources & Energy during the fourth quarter valued at approximately $1,809,000. Credit Industriel ET Commercial bought a new position in Adams Resources & Energy in the fourth quarter worth approximately $1,330,000. Raymond James Financial Inc. purchased a new stake in Adams Resources & Energy during the fourth quarter worth $524,000. Finally, CSS LLC IL bought a new stake in Adams Resources & Energy during the 4th quarter valued at $513,000. Hedge funds and other institutional investors 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.
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