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

Equities research analysts at StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued on Sunday. The brokerage 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 target on the stock. in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.63.

Vertex Energy Stock Performance

Vertex Energy has a twelve month low of $0.05 and a twelve month high of $5.04. The firm has a 50 day simple moving average of $0.36 and a 200 day simple moving average of $0.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.48). Vertex Energy had a negative net margin of 3.61% and a negative return on equity of 58.04%. The company had revenue of $750.06 million during the quarter, compared to analysts’ expectations of $729.29 million. During the same period last year, the firm posted ($0.55) earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Vertex Energy by 79.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 28,700 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Vertex Energy in the 1st quarter worth about $107,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Vertex Energy during the 2nd quarter worth about $94,000. Hennessy Advisors Inc. increased its position in Vertex Energy by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 141,700 shares in the last quarter. Finally, Ceeto Capital Group LLC raised its holdings in Vertex Energy by 74.3% in the first quarter. Ceeto Capital Group LLC now owns 237,000 shares of the industrial products company’s stock valued at $332,000 after buying an additional 101,000 shares during the period. Hedge funds and other institutional investors own 42.99% of the company’s stock.

About Vertex Energy

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.