Analysts at StockNews.com initiated coverage on shares of Vertex Energy (NASDAQ:VTNR – Get Free Report) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the industrial products company’s stock.
Separately, Craig Hallum downgraded shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price target for the company. in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Vertex Energy presently has a consensus rating of “Hold” and a consensus target price of $2.63.
Check Out Our Latest Research Report on VTNR
Vertex Energy Price Performance
Vertex Energy (NASDAQ:VTNR – Get Free Report) last posted 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 net margin of 3.61% and a negative return on equity of 58.04%. The firm had revenue of $750.06 million during the quarter, compared to the consensus estimate of $729.29 million. During the same period in the prior year, the company posted ($0.55) earnings per share.
Hedge Funds Weigh In On Vertex Energy
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Vertex Energy during the first quarter worth about $27,000. Willis Johnson & Associates Inc. purchased a new stake in shares of Vertex Energy during the first quarter worth about $28,000. Point72 DIFC Ltd purchased a new stake in shares of Vertex Energy during the second quarter worth about $54,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Vertex Energy during the second quarter worth about $66,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings 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 worth $91,000 after purchasing an additional 28,700 shares during the period. 42.99% of the stock is currently owned by institutional investors.
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.
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