Vertex Energy, Inc (VTNR) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Vertex Energy, Inc (NASDAQ:VTNR) from a strong sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “

A number of other analysts have also issued reports on VTNR. Roth Capital set a $1.00 target price on Vertex Energy and gave the company a hold rating in a research report on Wednesday, August 23rd. ValuEngine lowered Vertex Energy from a sell rating to a strong sell rating in a research report on Thursday, July 27th.

Vertex Energy (NASDAQ:VTNR) traded down 1.2469% on Wednesday, reaching $0.7999. The company’s stock had a trading volume of 16,860 shares. The firm’s market capitalization is $26.12 million. The company has a 50 day moving average of $0.76 and a 200 day moving average of $0.95. Vertex Energy has a 52 week low of $0.65 and a 52 week high of $1.80.

Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The firm had revenue of $36.91 million during the quarter, compared to analysts’ expectations of $32.00 million. Vertex Energy had a negative net margin of 6.49% and a negative return on equity of 23.10%. On average, analysts forecast that Vertex Energy will post ($0.31) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/26/vertex-energy-inc-vtnr-upgraded-to-hold-by-zacks-investment-research.html.

An institutional investor recently raised its position in Vertex Energy stock. Prescott Group Capital Management L.L.C. lifted its stake in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 21.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,582 shares of the industrial products company’s stock after acquiring an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned 0.52% of Vertex Energy worth $179,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 16.80% of the company’s stock.

Vertex Energy Company Profile

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

Receive News & Ratings for Vertex Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply