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StockNews.com
StockNews.com
Business
Pragya Pandey

Adams Resources & Energy: An Oil & Gas Stock Worth Buying

AE

Adams Resources & Energy, Inc. (AE) engages in crude oil marketing, transportation, and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt, and dry bulk through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, LLC, and GulfMark Terminals. The company is headquartered in Houston, Tex.

In its last quarter, the company reported impressive financial performance results fueled by improving macro environment conditions. In addition, AE's crude oil pipeline and storage business, which was created following the acquisition of the Victoria Express Pipeline System in October 2020, increased its scope of operations in its  last quarter.

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