Adams Resources & Energy Inc. (AE) news stock charts
Adams Resources & Energy Inc. (AE) Investment Summary:
Adams Resources & Energy, Inc., together with its subsidiaries, engages in the marketing of crude oil, natural gas, and petroleum products. It purchases crude oil and natural gas, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan. The company also operates as a wholesale purchaser, distributor, and marketer of natural gas, as well as markets branded and unbranded refined petroleum products, including motor fuels and lubricants. In addition, it transports liquid chemicals on a ‘for hire’ basis in the continental United States and Canada. Further, Adams Resources & Energy engages in the exploration and development of...ADAMS RESOURCES & ENERGY INC (AE:AMEX)
Snapshot of ADAMS RESOURCES & ENERGY INC (AE)
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OPEN
$22.30
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PREVIOUS CLOSE
$22.35
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DAY HIGH
$22.45
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DAY LOW
$21.00
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52 WEEK HIGH
11/11/09 - $25.18
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52 WEEK LOW
04/1/09 - $12.75
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MARKET CAP
88.6M
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AVERAGE VOLUME 10 D
1.6K
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EPS TTM
$1.62
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SHARES OUTSTANDING
4.2M
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EX-DATE
11/27/09
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P/E TTM
13.0x
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DIVIDEND
$0.50
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DIVIDEND YIELD
2.32%
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| K = Thousands M = Millions B = Billions | ||
Key developments for ADAMS RESOURCES & ENERGY INC (AE)
Adams Resources & Energy Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net earnings of $639,000 or $0.15 per basic and diluted share compared to net loss of $6,276,000 or $1.49 per basic and diluted share for the same period a year ago. Revenues for the quarter totaled $576,299,000 compared to $1,288,322,000 reported a year ago. Operating earnings were 1,146,000 compared to operating loss of $10,044,000 reported a year ago. For the nine months, net earnings were $5,243,000 or $1.24 per share on revenues totaling $1,431,510,000 compared to net earnings of $760,000 or $0.18 per basic and diluted share on revenues of $3,534,662,000 for the same period a year ago. Net cash provided by operating activities was $26,979,000 for the nine-month period ended September 30, 2009. The company also announced its board of directors has declared an annual cash dividend in the amount of $0.50 per common share, payable on December 15, 2009 to shareholders of record as of December 1, 2009. The cash dividend is unchanged from the prior year.
Adams Resources & Energy Inc. announced drilling results for the third quarter of 2009. The company announced that during the quarter it participated in the drilling of three successful wells in the Haynesville Shale Play of Nacogdoches County, Texas. These wells, the Hill #1, the Pop Pop Gas Unit #1 and the Hassell Gas Unit #1 each began initial production rates from 12,000 to in excess of 15,000 mcf per day of natural gas with flowing tubing pressures in excess of 7200 psi. The Company has a 5% working interest in these wells. Based on the favorable results to date and a fourth well drilled earlier this year, the Company participated in a recent leasehold acquisition to expand its acreage position in the area. Presently, the Company holds a 5% working interest in approximately 43,000 acres, which includes the area of the four productive wells. A 2% working interest is held in approximately 24,000 additional acres. Further drilling activity is anticipated on this Haynesville opportunity with two rigs scheduled for December 2009 and additional rigs anticipated for 2010.
Adams Resources & Energy Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net earnings of $2,734,000 or $0.65 per basic and diluted share. Current earnings compare to unaudited second quarter 2008 net earnings of $4,825,000 or $1.15 per basic and diluted share. Revenues for the quarter totaled $515,070,000 against $1,280,352,000 a year ago. For the six months ended June 30, 2009, net earnings were $4,604,000 or $1.09 per basic and diluted share on revenues of $855,211,000 against net earnings of $7,036,000 or $1.67 per basic and diluted share on revenues of $2,246,340,000 a year ago.
Adams Resources & Energy Inc. financial resources
AE Competitors
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| No competitor information is available for AE. | |||
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Industry Analysis
| Valuation | AE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 8.3x |
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| TEV/Sales | 0.0x |
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More Recent Financial News About Adams Resources & Energy Inc.
ADAMS RESOURCES & ENERGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition
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ADAMS RESOURCES & ENERGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition
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Adams Resources Announces Third Quarter 2009 Results and Annual Dividend
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ADAMS RESOURCES & ENERGY, INC. Files SEC form 10-Q, Quarterly Report
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ADAMS RESOURCES & ENERGY, INC. Files SEC form 8-K, Other Events
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ADAMS RESOURCES & ENERGY, INC. Files SEC form 8-K, Results of Operations and Financial Condition
Read article