Vertex Energy (NASDAQ:VTNR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report published on Wednesday morning. 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 target price for the company. in a research note 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $2.63.

Vertex Energy Stock Up 2.3 %

Vertex Energy stock opened at $0.38 on Wednesday. Vertex Energy has a one year low of $0.30 and a one year high of $5.19. The business’s fifty day moving average is $0.57 and its 200 day moving average is $0.95. 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 (NASDAQ:VTNR) last announced 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 net margin of 3.61% and a negative return on equity of 58.04%. 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 previous year, the business earned ($0.55) EPS. Equities analysts anticipate that Vertex Energy will post -0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vertex Energy

A number of institutional investors and hedge funds have recently made changes to their positions in VTNR. Point72 DIFC Ltd bought a new position in Vertex Energy in the second quarter worth approximately $54,000. Cubist Systematic Strategies LLC bought a new position in Vertex Energy in the 2nd quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Vertex Energy in the 2nd quarter worth $94,000. XTX Topco Ltd lifted its position in Vertex Energy by 89.7% during the second quarter. XTX Topco Ltd now owns 154,284 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 72,958 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in Vertex Energy by 11.6% during the second quarter. SummerHaven Investment Management LLC now owns 130,402 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 13,533 shares during the period. Hedge funds and other institutional investors 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.