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

Analysts at StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued on Monday. The brokerage set 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 objective for the company. in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.63.

Vertex Energy Price Performance

Shares of NASDAQ VTNR opened at $0.05 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.61. Vertex Energy has a 1-year low of $0.05 and a 1-year high of $5.04. The business’s fifty day moving average price is $0.36 and its two-hundred day moving average price is $0.84.

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). The firm had revenue of $750.06 million during the quarter, compared to analyst estimates 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 period last year, the business earned ($0.55) EPS.

Institutional Trading of Vertex Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Vertex Energy during the first quarter valued at approximately $27,000. Willis Johnson & Associates Inc. bought a new position in Vertex Energy during the 1st quarter valued at $28,000. Point72 DIFC Ltd bought a new position in Vertex Energy during the 2nd quarter valued at $54,000. Cubist Systematic Strategies LLC acquired a new position in shares of Vertex Energy during the 2nd quarter valued at $66,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Vertex Energy by 79.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock worth $91,000 after buying an additional 28,700 shares in the last quarter. 42.99% of the stock is currently 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.