Texas (Mar. 12, 2013) Wax Ink has issued an Exploratory Investment Interest rating for Adams Resources and Energy, Inc. (NYSE: AE) based on a recent baseline equity review which placed fair value between $57-$71.
The recent close of $42.32 is approximately 25% above the fair value buy target for the stock and approximately 39% below the fair value close target for the stock. The recent close is also 54% above analysts' $27.50 median target for the stock.
Merging the recent close with FY10-FY11 year-over-year earnings growth of 92%, yields a trailing twelve month PE of 5, and a PEG Ratio of 0.05.
In the past 52 weeks, share prices have moved between a high of $75.13 and a low of $27.85. With the recent close, the stock is trading 78% below the 52 week high and 35% above the 52 week low.
Adams Resources and Energy, Inc. is engaged in the business of marketing and transporting crude oil, crude oil products, and liquid chemicals.
All valuations are based on the listed company's most recent SEC annual filing, and all prices are per share.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.