TheStreet lowered shares of Adams Resources & Energy Inc. (NYSEMKT:AE) from a hold rating to a sell rating in a report issued on Tuesday.

Adams Resources & Energy (NYSEMKT:AE) opened at 37.88 on Tuesday. The company has a 50 day moving average price of $37.05 and a 200-day moving average price of $36.69. Adams Resources & Energy has a 12-month low of $29.64 and a 12-month high of $44.88. The company’s market capitalization is $159.74 million.

Adams Resources & Energy (NYSEMKT:AE) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.51) earnings per share for the quarter. The company earned $256.88 million during the quarter, compared to analyst estimates of $439.89 million. During the same quarter in the previous year, the business posted ($0.07) EPS.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, December 1st. Adams Resources & Energy’s dividend payout ratio (DPR) is currently -96.70%.

About Adams Resources & Energy

Adams Resources & Energy, Inc, 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, which is engaged in marketing of crude oil.

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