Zacks Investment Research downgraded shares of Vertex Energy (NASDAQ:VTNR) from a buy rating to a hold rating in a report released on Saturday morning.
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. “
Separately, ValuEngine raised Vertex Energy from a sell rating to a hold rating in a report on Monday, April 2nd.
VTNR stock opened at $1.04 on Friday. Vertex Energy has a twelve month low of $0.65 and a twelve month high of $1.50. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57.
Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings data on Tuesday, May 15th. The industrial products company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.05). The firm had revenue of $41.37 million during the quarter, compared to analyst estimates of $38.20 million. Vertex Energy had a negative net margin of 4.93% and a negative return on equity of 22.70%. equities analysts predict that Vertex Energy will post -0.19 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. acquired a new stake in Vertex Energy (NASDAQ:VTNR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 257,681 shares of the industrial products company’s stock, valued at approximately $289,000. Prescott Group Capital Management L.L.C. owned 0.77% of Vertex Energy at the end of the most recent quarter. Institutional investors and hedge funds own 19.11% of the company’s stock.
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 15 states, primarily in the Gulf Coast, Midwest, and Mid-Atlantic regions of the United States. The company operates in three divisions: Black Oil, Refining and Marketing, and Recovery.
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