US0063513081 - Common Stock
Adams Resources & Energy files prospectus for sale of up to $60M in common stock, clarifying it is not an offer to sell securities.
With many investors concerned about what may lie ahead in the market, these potentially de-risked undervalued stocks may be ideal.
Although the resource market incurred a bit of a slow spell, this opens doors for investors to consider under-the-radar energy stocks.
U.S. stocks traded lower midway through trading, with the Dow Jones dropping more than 200 points on Tuesday.
With an escalating war in Ukraine, which has led to soaring crude oil prices, the shares of Adams Resources & Energy have witnessed robust price momentum. In addition, since the company reported strong results in its last quarter, analysts expect the momentum to continue in the coming months. So, we think the stock could be a great bet now. Read on.
Since oil prices continue to rise, due to OPEC+’s tight supply policy, Bank of America expects the commodity to hit $100 this winter on surging demand. This should bode well for fundamentally strong oil-producing companies. We think small-cap oil energy stocks such as GeoPark (GPRK), Transportadora de Gas (TGS), Vista Oil & Gas (VIST), and Adams Resources & Energy (AE) are well-positioned to soar in the upcoming months.
Look for stocks with an 80 or higher Relative Strength Rating. HollyFrontier stock just met that criteria with a new score of 82.
Valero Energy is showing improving price performance, earning an upgrade to its IBD Relative Strength Rating.