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

Research analysts at StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note issued on Tuesday. 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 target price on the stock. in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.63.

Vertex Energy Price Performance

The firm has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.82. 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 $0.05 and a twelve month high of $5.04.

Vertex Energy (NASDAQ:VTNR) last issued its earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The business had revenue of $750.06 million for the quarter, compared to analyst estimates 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 last year, the firm posted ($0.55) earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VTNR. Point72 DIFC Ltd acquired a new stake in shares of Vertex Energy during the 2nd quarter worth approximately $54,000. Price T Rowe Associates Inc. MD boosted its stake in Vertex Energy by 79.1% in 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in Vertex Energy during the 2nd quarter worth $66,000. Quadrature Capital Ltd bought a new stake in shares of Vertex Energy during the 1st quarter valued at $107,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vertex Energy in the 2nd quarter valued at $94,000. 42.99% of the stock is currently owned by institutional investors and hedge funds.

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.