Revenue Update on Adams Resources & Energy Inc(NYSEMKT:AE)

Adams Resources & Energy Inc(NYSEMKT:AE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.04.

Adams Resources & Energy Inc (AE) made into the market gainers list on Fridays trading session with the shares advancing 0.46% or 0.16 points. Due to strong positive momentum, the stock ended at $34.65, which is also near the day’s high of $35.18. The stock began the session at $34.65 and the volume stood at 7,168 shares. The 52-week high of the shares is $44.27 and the 52 week low is $29.64. The company has a current market capitalization of $146 M and it has 42,17,596 shares in outstanding.

Adams Resources & Energy Inc. (ARE) along with its subsidiaries is engaged in the business of crude oil marketing tank truck transportation of liquid chemicals and oil and gas exploration and production. The Company’s segments include: Marketing Segment Transportation Segment and Oil and Gas Segment. The Company manages its Marketing Segment through its subsidiary Gulfmark Energy Inc. (Gulfmark) which is engaged in marketing crude oil. Gulfmark operates 205 tractor-trailer rigs and maintains over 121 pipeline inventory locations or injection stations. ARE operates its Transportation Segment through its subsidiary Service Transport Company (STC) which transports liquid chemicals. STC operates 308 truck tractors of which 285 are Company-owned with 23 independent owner-operator units. The Company manages its Oil and Gas Segment through its subsidiary Adams Resources Exploration Corporation (AREC) which explores and develops domestic oil and natural gas properties.

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