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

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report issued on Wednesday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum lowered Vertex Energy from a buy rating to a hold rating and set a $1.00 price objective on the stock. in a report on Friday, August 9th. One investment 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 data from MarketBeat, Vertex Energy currently has a consensus rating of Hold and a consensus target price of $2.63.

Vertex Energy Trading Down 5.1 %

NASDAQ VTNR opened at $0.40 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30. Vertex Energy has a 52-week low of $0.30 and a 52-week high of $5.27. The business’s 50-day moving average price is $0.59 and its 200 day moving average price is $0.96.

Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share (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 analysts’ expectations of $729.29 million. During the same period in the prior year, the business earned ($0.55) EPS. On average, sell-side analysts predict that Vertex Energy will post -0.77 earnings per share for the current year.

Institutional Investors Weigh In On Vertex Energy

Institutional investors have recently added to or reduced their stakes in the business. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in Vertex Energy in the 1st quarter valued at approximately $27,000. Willis Johnson & Associates Inc. acquired a new stake in shares of Vertex Energy during the 1st quarter valued at approximately $28,000. Victory Capital Management Inc. acquired a new stake in shares of Vertex Energy during the 4th quarter valued at approximately $38,000. Point72 DIFC Ltd acquired a new stake in shares of Vertex Energy during the 2nd quarter valued at approximately $54,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Vertex Energy during the 2nd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 42.99% of the company’s stock.

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.