Vertex Energy (NASDAQ:VTNR) Upgraded to Buy by Zacks Investment Research

Vertex Energy (NASDAQ:VTNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, March 14th. The brokerage currently has a $1.25 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 1.63% from the company’s previous close.

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. “

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Separately, ValuEngine raised shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.

NASDAQ:VTNR traded down $0.04 on Wednesday, hitting $1.23. The stock had a trading volume of 96,419 shares, compared to its average volume of 104,352. Vertex Energy has a 1 year low of $0.65 and a 1 year high of $1.50. The firm has a market cap of $42.11, a price-to-earnings ratio of -3.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.84 and a current ratio of 1.21.

Vertex Energy (NASDAQ:VTNR) last released its earnings results on Wednesday, March 7th. The industrial products company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.02. Vertex Energy had a negative net margin of 5.80% and a negative return on equity of 26.89%. The firm had revenue of $41.35 million during the quarter, compared to the consensus estimate of $34.97 million. sell-side analysts forecast that Vertex Energy will post -0.18 earnings per share for the current year.

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About Vertex Energy

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 13 states, primarily in the Gulf Coast and Central Midwest Region of the United States. It operates in three divisions: Black Oil, Refining and Marketing, and Recovery.

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