Vertex Energy (NASDAQ:VTNR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued to investors on Tuesday. The firm issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum downgraded Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 target price 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 given a buy rating to the company. According to data from MarketBeat.com, Vertex Energy currently has a consensus rating of “Hold” and an average target price of $2.63.

Vertex Energy Stock Performance

Vertex Energy has a 1 year low of $0.05 and a 1 year high of $5.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30. The stock has a 50 day moving average of $0.33 and a 200-day moving average of $0.82.

Vertex Energy (NASDAQ:VTNR) last released its earnings results 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). The firm had revenue of $750.06 million for the quarter, compared to the consensus estimate of $729.29 million. Vertex Energy had a negative return on equity of 58.04% and a negative net margin of 3.61%. During the same quarter in the previous year, the business posted ($0.55) EPS.

Institutional Trading of Vertex Energy

Several hedge funds and other institutional investors have recently bought and sold shares of VTNR. Nwam LLC increased its position in Vertex Energy by 15.7% during the first quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 88,000 shares during the last quarter. Quadrature Capital Ltd bought a new position in Vertex Energy during the 1st quarter valued at about $107,000. Price T Rowe Associates Inc. MD grew 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 purchasing an additional 28,700 shares during the last quarter. Ceeto Capital Group LLC raised its position in Vertex Energy by 74.3% in the 1st quarter. Ceeto Capital Group LLC now owns 237,000 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 101,000 shares during the period. Finally, SummerHaven Investment Management LLC lifted its stake in Vertex Energy by 11.6% in the second quarter. SummerHaven Investment Management LLC now owns 130,402 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 13,533 shares during the last quarter. Hedge funds and other institutional investors own 42.99% of the company’s stock.

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.