On 2/29/24, Adams Resources & Energy Inc. (NYSEAMERICAN: AE) stock enjoyed a major increase of 11.5%, closing at $29.89. Moreover, exceptionally high trading volume at 335% of normal accompanied the advance. The stock has risen 28.3% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Adams Resources & Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Adams Resources & Energy has a slightly negative Appreciation Score of 40 and a slightly negative Power Rating of 31, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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