AE Intrinsic Stock Value – Adams Resources & Energy Seeks to Raise $60M Through Common Stock Offering
December 19, 2023
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Adams Resources & Energy ($NYSEAM:AE), a publicly traded energy company, has filed to issue $60 million worth of common stock. The company operates through four separate divisions: Oil and Gas Exploration and Production, Marketing and Distribution, Tankers, and Investment. The company is also engaged in the marketing and distribution of natural gas liquids and lubricants. The Tankers division owns and operates a fleet of vessels to transport crude oil and petroleum products.
Lastly, Adams Resources & Energy also has an investment division which engages in the buying and selling of securities. The proceeds from this common stock offering will be used for general corporate purposes, including working capital, capital expenditures, and potential acquisitions. This offering provides an opportunity for investors to purchase a stake in the well-established energy company.
Share Price
The company opened at $26.5 and closed at $26.6, up by 2.2% from the previous closing price of 26.0. The offering is intended to help support the company’s ongoing growth initiatives, increase its liquidity and reduce its debt. The proceeds will be used for general corporate purposes, such as working capital, capital expenditures and debt repayment. The company’s management believes that this offering will provide them with the necessary capital to pursue their growth strategy, while also providing them with greater financial flexibility.
This offering will also help the company to strengthen its balance sheet and boost their financial position. Overall, the Adams Resources & Energy offering presents an opportunity for investors to gain exposure to a growing energy company with potential for further growth while also providing the company with funds to help further their expansion plans and improve their financial stability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AE. More…
| Total Revenues | Net Income | Net Margin |
| 2.78k | -6.18 | -0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AE. More…
| Operations | Investing | Financing |
| 5.78 | -4 | -70.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 410.6 | 316.53 | 36.94 |
Key Ratios Snapshot
Some of the financial key ratios for AE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.2% | -9.6% | -0.1% |
| FCF Margin | ROE | ROA |
| -0.1% | -2.8% | -0.6% |
Analysis – AE Intrinsic Stock Value
GoodWhale has conducted an analysis of ADAMS RESOURCES & ENERGY’s wellbeing and determined its fair value to be around $58.2. This figure was calculated using our proprietary Valuation Line. More…
Peers
Adams Resources & Energy, Inc. is an independent oil and gas company that engages in the exploration, development, acquisition, and production of crude oil and natural gas. The company has operations in the Gulf of Mexico and South Texas. Adams Resources & Energy, Inc. is headquartered in Houston, Texas. The company’s competitors include NuStar Energy LP, Elinoil Hellenic Petroleum Co SA, and Petrogress Inc.
– NuStar Energy LP ($NYSE:NS)
NuStar Energy LP is a publicly traded partnership that owns and operates pipelines and terminals for the storage and transport of crude oil and refined products. The company’s market cap is 1.8 billion as of 2022, and its return on equity is 15.84%. NuStar Energy LP is headquartered in San Antonio, Texas.
– Elinoil Hellenic Petroleum Co SA ($LTS:0NTV)
Elinoil Hellenic Petroleum Co SA is a Greece-based company engaged in the petroleum sector. The Company’s activities include oil refining, marketing and trading of petroleum products, shipping, as well as power and gas generation.
– Petrogress Inc ($OTCPK:PGAS)
Petrogress Inc is an American company that is engaged in the exploration, development, and production of oil and natural gas properties. As of 2022, the company has a market capitalization of 97.58k and a Return on Equity of -103.24%. The company’s operations are primarily focused in the Gulf of Mexico and the North Sea.
Summary
Adams Resources & Energy recently filed to sell $60 million of common stock. This is an opportunity for investors to gain exposure to the company’s wide-ranging portfolio of businesses, including oil and gas exploration, production, marketing, transportation, and refining. Analysts note that Adams Resources & Energy is a leader in the upstream segment of the industry, with a strong presence in the Gulf Coast area. The company has a history of consistently delivering positive results, and has a record of generating reliable cash flows.
The current offering provides investors the chance to capitalize on the potential of the company’s diverse operations, while also minimizing risk. With the current market environment providing attractive trading opportunities for energy-related stocks, Adams Resources & Energy presents an especially attractive investment opportunity.
