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

Analysts at StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report issued on Monday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, Craig Hallum lowered Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price objective for the company. in a report 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.63.

Vertex Energy Stock Performance

NASDAQ:VTNR opened at $0.05 on Monday. Vertex Energy has a fifty-two week low of $0.05 and a fifty-two week high of $5.04. The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average is $0.34 and its two-hundred day moving average is $0.82.

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.58) 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 for the quarter, compared to analysts’ expectations of $729.29 million. During the same period in the previous year, the firm posted ($0.55) earnings per share.

Institutional Trading of Vertex Energy

Several large investors have recently added to or reduced their stakes in VTNR. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Vertex Energy in the 1st quarter valued at $27,000. Willis Johnson & Associates Inc. bought a new position in Vertex Energy during the first quarter valued at about $28,000. Point72 DIFC Ltd acquired a new stake in shares of Vertex Energy in the second quarter worth about $54,000. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 worth $91,000 after acquiring an additional 28,700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Vertex Energy during the 2nd quarter valued at about $66,000. 42.99% of the stock is 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.