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

StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report released on Saturday. The firm issued a sell rating on the industrial products company’s stock.

Several other research analysts also recently weighed in on VTNR. Craig Hallum downgraded 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 report on Friday, August 9th. Stifel Nicolaus reiterated a hold rating and issued a $4.00 price target on shares of Vertex Energy in a research report on Monday, April 22nd. One investment 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 data from MarketBeat.com, Vertex Energy has an average rating of Hold and an average target price of $2.63.

Vertex Energy Trading Up 11.4 %

Shares of Vertex Energy stock opened at $0.49 on Friday. The company’s 50 day moving average is $0.82 and its 200 day moving average is $1.14. Vertex Energy has a twelve month low of $0.39 and a twelve month high of $5.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.43 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 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 business had revenue of $750.06 million during the quarter, compared to the consensus estimate of $729.29 million. During the same quarter in the previous year, the business posted ($0.55) earnings per share. Research analysts predict that Vertex Energy will post -0.77 EPS for the current fiscal year.

Institutional Trading of Vertex Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Versor Investments LP purchased a new stake in shares of Vertex Energy in the fourth quarter worth $161,000. Victory Capital Management Inc. purchased a new stake in shares of Vertex Energy in the fourth quarter worth $38,000. Quadrature Capital Ltd purchased a new stake in shares of Vertex Energy in the first quarter worth $107,000. Price T Rowe Associates Inc. MD increased its stake in shares of Vertex Energy by 79.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 28,700 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Vertex Energy by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 430,699 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 107,400 shares in the last quarter. 42.99% of the stock is owned by hedge funds and other 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.