AE Stock Summary and Trading Ideas (Adams Resources & Energy | AMEX:AE)

Adams Resources & Energy Inc is engaged in the business of crude oil marketing, tank truck transportation of liquid chemicals and dry bulk, and oil and gas exploration and production. The company operates through four business segments: Crude oil marketing segment offers crude oil marketing, transportation, and storage; Transportation segment includes tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk; Pipeline and storage segment includes pipeline transportation, terminalling, and storage of crude oil; and Logistics and repurposing segment offers interstate bulk transportation logistics of crude oil, condensate, fuels, oils and other petroleum products and recycling and repurposing of off-specification fuels, lubricants, crude oil, and other chemicals.

Adams Resources & Energy trades on the AMEX stock market under the symbol AE.

As of September 25, 2023, AE stock price declined to $35.15 with 2,687 million shares trading.

AE has a market cap of $89.09 million. This is considered a Micro Cap stock.

Last quarter Adams Resources & Energy reported $625 million in Revenue and -$.23 earnings per share. This fell short of revenue expectation by $-40 million and exceeded earnings estimates by $.32.

In the last 3 years, AE stock traded as high as $61.84 and as low as $18.36.

The top ETF exchange traded funds that AE belongs to (by Net Assets): VTI, DFAT, VXF, BSVO, PRFZ.

AE has outperformed the market in the last year with a return of +25.4%, while the SPY ETF gained +17.2%. In the last 3 month period, AE beat the market returning +1.1%, while SPY returned -0.6%. However, in the most recent 2 weeks AE has underperformed the stock market by returning -5.0%, while SPY returned -2.6%.

AE support price is $34.14 and resistance is $36.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AE stock will trade within this expected range on the day.