PEO Stock Summary and Trading Ideas (Adams Natural Resources I | NYSE:PEO)

The funds investment objectives is to seek current income, opportunity for capital gain and preservation of capital. The fund invests primarily in energy and other natural resources stocks.

Adams Natural Resources I trades on the NYSE stock market under the symbol PEO.

As of May 13, 2024, PEO stock price declined to $23.38 with 14,472 million shares trading.

PEO has a beta of 0.45, meaning it tends to be less sensitive to market movements. PEO has a correlation of 0.09 to the broad based SPY ETF.

PEO has a market cap of $596.33 million. This is considered a Small Cap stock.

In the last 3 years, PEO stock traded as high as $24.61 and as low as $14.07.

PEO has underperformed the market in the last year with a price return of +26.8% while the SPY ETF gained +28.2%. However, in the short term, PEO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.5% vs +5.8% return in SPY. But in the last 2 weeks, PEO shares have been beat by the market, returning -1.2% compared to an SPY return of +2.1%.

PEO support price is $23.26 and resistance is $23.80 (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 PEO stock will trade within this expected range on the day.