Vertex Energy (NASDAQ:VTNR – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Vertex Energy to post earnings of ($0.19) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Vertex Energy Stock Up 6.6 %
Shares of NASDAQ:VTNR opened at $1.45 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. Vertex Energy has a 12 month low of $0.95 and a 12 month high of $7.90. The firm’s 50-day moving average is $1.30 and its 200 day moving average is $2.31.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price target on shares of Vertex Energy in a report on Monday, April 22nd. Northland Securities downgraded Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 target price for the company. in a research report on Wednesday, January 24th. Finally, HC Wainwright lowered their target price on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $4.88.
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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