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 note published on Sunday. The firm issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum lowered 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 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, Vertex Energy presently has a consensus rating of “Hold” and an average price target of $2.63.

Vertex Energy Price Performance

Shares of VTNR opened at $0.05 on Friday. The company has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56. Vertex Energy has a twelve month low of $0.05 and a twelve month high of $5.04.

Vertex Energy (NASDAQ:VTNR) last announced its 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 for the quarter, compared to analysts’ expectations of $729.29 million. During the same quarter last year, the firm earned ($0.55) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTNR. Hennessy Advisors Inc. boosted its position in Vertex Energy by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock valued at $649,000 after buying an additional 141,700 shares during the last quarter. Willis Johnson & Associates Inc. acquired a new stake in shares of Vertex Energy in the first quarter worth $28,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Vertex Energy during the first quarter worth $27,000. Nwam LLC lifted its position in Vertex Energy by 15.7% during the first quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 88,000 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Vertex Energy in the first quarter valued at $107,000. 42.99% of the stock is owned by institutional investors and hedge funds.

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.