Vertex Energy (NASDAQ:VTNR) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a note issued to investors on Wednesday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, Craig Hallum lowered shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Vertex Energy presently has an average rating of “Hold” and a consensus target price of $2.63.

Vertex Energy Trading Down 1.2 %

VTNR stock opened at $0.42 on Wednesday. Vertex Energy has a fifty-two week low of $0.30 and a fifty-two week high of $5.27. The business’s 50 day moving average price is $0.59 and its two-hundred day moving average price is $0.97. The company has a current ratio of 0.56, a quick ratio of 0.30 and a debt-to-equity ratio of 0.61.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Vertex Energy had a negative return on equity of 58.04% and a negative net margin of 3.61%. The firm had revenue of $750.06 million during the quarter, compared to analysts’ expectations of $729.29 million. During the same period in the previous year, the company earned ($0.55) earnings per share. Sell-side analysts forecast that Vertex Energy will post -0.77 EPS for the current year.

Institutional Trading of Vertex Energy

A number of large investors have recently made changes to their positions in VTNR. Victory Capital Management Inc. bought a new position in Vertex Energy during the fourth quarter valued at approximately $38,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Vertex Energy in the 1st quarter worth $27,000. Willis Johnson & Associates Inc. bought a new stake in shares of Vertex Energy in the first quarter worth $28,000. RPO LLC purchased a new stake in Vertex Energy during the fourth quarter valued at $75,000. Finally, Oracle Investment Management Inc. lifted its holdings in Vertex Energy by 97.6% in the fourth quarter. Oracle Investment Management Inc. now owns 50,000 shares of the industrial products company’s stock valued at $170,000 after acquiring an additional 24,700 shares during the period. 42.99% of the stock is currently owned by institutional investors.

Vertex Energy Company Profile

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.