Vertex Energy (NASDAQ:VTNR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report released on Wednesday morning. The brokerage 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 price target for the company. 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 stock. According to MarketBeat.com, Vertex Energy has a consensus rating of Hold and a consensus price target of $2.63.

Vertex Energy Trading Up 2.3 %

Shares of Vertex Energy stock opened at $0.38 on Wednesday. Vertex Energy has a fifty-two week low of $0.30 and a fifty-two week high of $5.19. 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 company has a fifty day moving average of $0.57 and a 200 day moving average of $0.95.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share 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 business had revenue of $750.06 million during the quarter, compared to the consensus estimate of $729.29 million. During the same period last year, the company earned ($0.55) EPS. On average, equities analysts forecast that Vertex Energy will post -0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vertex Energy

Large investors have recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Vertex Energy during the 1st quarter valued at approximately $27,000. Willis Johnson & Associates Inc. bought a new position in shares of Vertex Energy during the 1st quarter valued at approximately $28,000. Victory Capital Management Inc. purchased a new position in shares of Vertex Energy in the fourth quarter valued at $38,000. Point72 DIFC Ltd bought a new stake in Vertex Energy in the second quarter worth $54,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Vertex Energy in the second quarter worth $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.