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Blue Chip Growth

Stock Report: () Report Updated: Jul 25, 2016 | Print This Page

Get more stock ratings by Louis Navellier

(AE)

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Company Profile

Adams Resources & Energy, Inc., through its subsidiaries, engages in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. The company’s Marketing segment purchases crude oil, and arranges sales and deliveries to refiners and other customers in Texas and Louisiana with additional operations in Michigan and North Dakota. This segment operates 205 tractor-trailer rigs and maintains approximately 121 pipeline inventory locations. Its Transportation segment transports liquid chemicals on a hire basis in the continental United States and Canada. This segment operates 308 truck tractors; and truck terminals in Houston, Corpus Christi, Nederland, and Texas, as well as Baton Rouge, Louisiana and Mobile, and Alabama. It also owns and operates 509 tank trailers. The company’s Oil and Gas segment explores for and develops oil and natural gas properties primarily in Texas and the south central region of the United States. This segment holds an interest in 514 producing wells, under which 29 are company operated. Adams Resources & Energy, Inc. was founded in 1947 and is headquartered in Houston, Texas.