Vertex Energy (NASDAQ:VTNR) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued on Friday. The firm set a “sell” rating on the industrial products company’s stock.

Separately, Craig Hallum downgraded Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price target 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.63.

Vertex Energy Stock Down 8.9 %

Shares of NASDAQ VTNR opened at $0.11 on Friday. Vertex Energy has a one year low of $0.10 and a one year high of $5.04. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56. The business has a 50-day moving average price of $0.41 and a two-hundred day moving average price of $0.87.

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.58) 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 business had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. bought a new position in shares of Vertex Energy in the 1st quarter valued at approximately $27,000. Willis Johnson & Associates Inc. bought a new position in shares of Vertex Energy in the 1st quarter valued at approximately $28,000. Point72 DIFC Ltd bought a new position in shares of Vertex Energy in the 2nd quarter valued at approximately $54,000. Cubist Systematic Strategies LLC bought a new position in shares of Vertex Energy in the 2nd quarter valued at approximately $66,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Vertex Energy by 79.1% in the 1st 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 in the last quarter. 42.99% of the stock is owned by hedge funds and other institutional investors.

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.