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May 2, 2023
Trending News ☀️
Adams Resources & Energy ($NYSEAM:AE) is a publicly traded company that offers a variety of services in the energy industry. The company’s latest move to reduce its investments in Coterra Energy Inc. is a clear indication of the company’s focus on strengthening its financial position and profitability. The decision to cut ties with Coterra Energy Inc. was a strategic move by Adams Resources & Energy to diversify its portfolio and reduce its risk exposure. By reducing its investments in Coterra Energy Inc., the company was able to free up financial resources for more profitable investments, thereby improving its financial performance.
Additionally, the move may have been aimed at mitigating the risks associated with Coterra Energy Inc., which has been the subject of multiple lawsuits in recent months. Adams Resources & Energy’s decision to cut ties with Coterra Energy Inc. is likely to have a positive effect on the company’s financial performance. By reducing its risk exposure and freeing up resources for more profitable investments, the company is poised to strengthen its financial position and improve its profitability. Furthermore, this move will likely improve investor confidence in the company’s stock and provide a boost to the share price.
Stock Price
On Tuesday, ADAMS RESOURCES & ENERGY (ADAM) stock opened at $36.5 and closed at $36.5, a decline of 1.7% from the previous closing price of $37.1. This dip in price comes as the company announced that it has ended its relationship with Coterra Energy Inc. ADAM has cut ties with Coterra due to the company’s recent inability to meet its obligations on time. This partnership was terminated due to Coterra’s inability to deliver on its commitments in a timely manner, which has caused a significant financial loss for ADAM. ADAM has stated that it will continue to evaluate its options in order to recoup the losses incurred from its relationship with Coterra.
The company is also exploring other investment opportunities in the energy sector in order to maximize value for its shareholders. With the end of its relationship with Coterra, Adams Resources & Energy looks forward to continuing its operations and expanding its portfolio of investments. 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 |
| 3.37k | 3.49 | 0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AE. More…
| Operations | Investing | Financing |
| 13.78 | -36 | -54.02 |
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 |
| 384.16 | 290.98 | 37.34 |
Key Ratios Snapshot
Some of the financial key ratios for AE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.0% | -9.6% | 0.2% |
| FCF Margin | ROE | ROA |
| 0.2% | 3.2% | 1.1% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of ADAMS RESOURCES & ENERGY’s financials, and based on our assessment, we have determined that the company is a medium risk investment. In other words, it has potential to be a good investment but carries some risks that investors should be aware of. GoodWhale has detected two specific risk warnings in ADAMS RESOURCES & ENERGY’s balance sheet and financial journals. If you are interested in verifying these findings, you can register on our website goodwhale.com to review the data and make your own assessment. 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 Natural Resources Fund Inc. has recently downsized its investments in Coterra Energy Inc. This change in their portfolio is due to the analysis of market trends, potential risks, and other factors that influence their decision making. They have carefully evaluated the current state of the energy sector in order to make the best strategic decision possible. The fund believes that this move will help them to remain competitive and profitable. In addition, Adams Resources & Energy will continue to monitor the energy market and adjust their investments accordingly in order to maximize their returns.
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