StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR – Free Report) in a research note published on Thursday. The firm issued a sell rating on the industrial products company’s stock.
Separately, Craig Hallum downgraded shares of Vertex Energy from a buy rating to a hold rating and set a $1.00 price objective for the company. in a research report 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $2.63.
Read Our Latest Research Report on VTNR
Vertex Energy Stock Performance
Vertex Energy (NASDAQ:VTNR – Get Free Report) last issued 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 return on equity of 58.04% and a negative net margin of 3.61%. The company had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. During the same quarter in the prior year, the firm earned ($0.55) EPS. On average, equities research analysts expect that Vertex Energy will post -0.77 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of VTNR. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in Vertex Energy during the 1st quarter worth approximately $27,000. Willis Johnson & Associates Inc. acquired a new stake in Vertex Energy in the first quarter valued at $28,000. Victory Capital Management Inc. bought a new position in Vertex Energy during the 4th quarter valued at $38,000. Point72 DIFC Ltd acquired a new position in Vertex Energy during the 2nd quarter worth $54,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Vertex Energy in the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 42.99% of the company’s stock.
About Vertex Energy
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.
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