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

StockNews.com started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report published on Monday. The firm 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 price target on the stock. in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $2.63.

Vertex Energy Stock Performance

NASDAQ:VTNR opened at $0.37 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.30 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average price is $0.66 and its 200-day moving average price is $1.04. Vertex Energy has a 1-year low of $0.36 and a 1-year high of $5.40.

Vertex Energy (NASDAQ:VTNR) last issued 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 firm had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. During the same period in the previous year, the business earned ($0.55) EPS. As a group, analysts anticipate that Vertex Energy will post -0.77 EPS for the current year.

Institutional Trading of Vertex Energy

Several large investors have recently bought and sold shares of the business. Hennessy Advisors Inc. purchased a new position in Vertex Energy in the 4th quarter worth approximately $1,092,000. First Eagle Investment Management LLC lifted its position in Vertex Energy by 27.8% during the fourth quarter. First Eagle Investment Management LLC now owns 867,801 shares of the industrial products company’s stock worth $2,942,000 after buying an additional 188,811 shares in the last quarter. Van ECK Associates Corp lifted its position in Vertex Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 430,699 shares of the industrial products company’s stock worth $1,460,000 after buying an additional 107,400 shares in the last quarter. Ceeto Capital Group LLC boosted its stake in Vertex Energy by 74.3% during the first quarter. Ceeto Capital Group LLC now owns 237,000 shares of the industrial products company’s stock worth $332,000 after buying an additional 101,000 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Vertex Energy in the 2nd quarter valued at $94,000. 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.