Vertex Energy (NASDAQ:VTNR) Stock Rating Lowered by Zacks Investment Research

Vertex Energy (NASDAQ:VTNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

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 upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

Shares of NASDAQ:VTNR opened at $1.46 on Friday. Vertex Energy has a one year low of $0.85 and a one year high of $2.04. The firm’s fifty day moving average is $1.45. The firm has a market cap of $58.80 million, a P/E ratio of -6.35 and a beta of 1.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.60 and a quick ratio of 0.45.

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Wednesday, May 8th. The industrial products company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Vertex Energy had a positive return on equity of 0.76% and a negative net margin of 2.76%. The company had revenue of $39.32 million during the quarter, compared to the consensus estimate of $44.30 million. As a group, research analysts expect that Vertex Energy will post -0.2 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Vertex Energy by 271.0% during the 4th quarter. Bank of New York Mellon Corp now owns 46,360 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 33,864 shares during the period. Redmond Asset Management LLC raised its stake in Vertex Energy by 1.8% during the 1st quarter. Redmond Asset Management LLC now owns 361,599 shares of the industrial products company’s stock valued at $586,000 after purchasing an additional 6,325 shares during the period. Finally, Cadence Capital Management LLC raised its stake in Vertex Energy by 1.8% during the 1st quarter. Cadence Capital Management LLC now owns 1,040,961 shares of the industrial products company’s stock valued at $1,686,000 after purchasing an additional 18,302 shares during the period. Institutional investors own 17.90% of the company’s stock.

Vertex Energy Company Profile

Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.

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