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

Investment analysts at StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued on Tuesday. 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 target price for the company. 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.63.

Vertex Energy Stock Down 2.7 %

Shares of NASDAQ VTNR opened at $0.33 on Tuesday. Vertex Energy has a 1 year low of $0.33 and a 1 year high of $5.40. 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 has a fifty day moving average price of $0.62 and a two-hundred day moving average price of $1.01.

Vertex Energy (NASDAQ:VTNR) last released its 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 return on equity of 58.04% and a negative net margin of 3.61%. The firm had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. During the same period in the previous year, the firm earned ($0.55) earnings per share. As a group, equities analysts forecast that Vertex Energy will post -0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertex Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Vertex Energy during the 1st quarter worth about $27,000. Willis Johnson & Associates Inc. acquired a new position in shares of Vertex Energy in the 1st quarter valued at about $28,000. Victory Capital Management Inc. purchased a new stake in shares of Vertex Energy in the fourth quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new stake in shares of Vertex Energy during the second quarter worth approximately $54,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Vertex Energy during the second quarter valued at approximately $66,000. Institutional investors and hedge funds 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.