Vertex Energy (NASDAQ:VTNR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report sent to investors on Friday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum cut shares of Vertex Energy from a buy rating to a hold rating and set a $1.00 target price on the stock. in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Vertex Energy has a consensus rating of Hold and an average price target of $2.63.

Vertex Energy Price Performance

Shares of Vertex Energy stock opened at $0.11 on Friday. The company has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.86. 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 twelve month low of $0.10 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) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The company had revenue of $750.06 million for the quarter, compared to analysts’ expectations of $729.29 million. Vertex Energy had a negative net margin of 3.61% and a negative return on equity of 58.04%. During the same quarter in the previous year, the business posted ($0.55) earnings per share.

Institutional Investors Weigh In On Vertex Energy

A number of institutional investors have recently modified their holdings of VTNR. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of Vertex Energy in the 1st quarter worth approximately $27,000. Willis Johnson & Associates Inc. bought a new position in Vertex Energy in the 1st quarter valued at about $28,000. Oracle Investment Management Inc. increased its stake in Vertex Energy by 97.6% during the 4th quarter. Oracle Investment Management Inc. now owns 50,000 shares of the industrial products company’s stock valued at $170,000 after buying an additional 24,700 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Vertex Energy in the 2nd quarter worth approximately $54,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Vertex Energy by 79.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 28,700 shares during the period. Institutional investors and hedge funds 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.