Adams Resources & Energy, Inc. (NYSEAMERICAN:AE – Get Rating) – Equities research analysts at B. Riley increased their Q2 2022 earnings estimates for shares of Adams Resources & Energy in a report released on Tuesday, May 17th. B. Riley analyst L. Burke now forecasts that the energy company will post earnings of $0.66 per share for the quarter, up from their prior estimate of $0.48. B. Riley currently has a “Buy” rating and a $45.00 target price on the stock. B. Riley also issued estimates for Adams Resources & Energy’s Q3 2022 earnings at $0.64 EPS and Q4 2022 earnings at $0.87 EPS.
Adams Resources & Energy (NYSEAMERICAN:AE – Get Rating) last posted its earnings results on Monday, May 16th. The energy company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $1.16. Adams Resources & Energy had a return on equity of 2.06% and a net margin of 0.91%.
Separately, StockNews.com began coverage on shares of Adams Resources & Energy in a research report on Monday, May 2nd. They issued a “strong-buy” rating on the stock.
AE opened at $34.93 on Friday. The business has a 50 day simple moving average of $36.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.52. The stock has a market capitalization of $152.57 million, a P/E ratio of 10.01 and a beta of 0.99. Adams Resources & Energy has a 12-month low of $25.46 and a 12-month high of $39.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Friday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.75%. Adams Resources & Energy’s payout ratio is currently 27.51%.
A number of large investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its position in shares of Adams Resources & Energy by 7,911.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,246 shares of the energy company’s stock worth $129,000 after purchasing an additional 4,193 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Adams Resources & Energy in the 1st quarter worth $217,000. Morgan Stanley increased its stake in Adams Resources & Energy by 39.0% in the 2nd quarter. Morgan Stanley now owns 4,783 shares of the energy company’s stock worth $133,000 after buying an additional 1,342 shares in the last quarter. Barclays PLC raised its holdings in Adams Resources & Energy by 149.7% during the fourth quarter. Barclays PLC now owns 3,449 shares of the energy company’s stock valued at $96,000 after acquiring an additional 2,068 shares during the period. Finally, FMR LLC lifted its position in shares of Adams Resources & Energy by 3.2% in the first quarter. FMR LLC now owns 199,739 shares of the energy company’s stock valued at $7,802,000 after acquiring an additional 6,170 shares in the last quarter. 36.19% of the stock is currently owned by institutional investors and hedge funds.
Adams Resources & Energy Company Profile (Get Rating)
Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage in various crude oil and natural gas basins in the United States. The company operates through three 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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