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

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note released on Sunday morning. The brokerage issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum lowered 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, the stock has an average rating of “Hold” and an average price target of $2.63.

Vertex Energy Stock Performance

The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.61. Vertex Energy has a one year low of $0.05 and a one year high of $5.04. The business’s 50 day simple moving average is $0.36 and its 200 day simple moving average is $0.84.

Vertex Energy (NASDAQ:VTNR) last released 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 company had revenue of $750.06 million for the quarter, compared to the consensus estimate of $729.29 million. During the same period last year, the firm earned ($0.55) earnings per share.

Institutional Trading of Vertex Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hennessy Advisors Inc. increased its holdings in shares of Vertex Energy by 44.0% during the first quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 141,700 shares during the period. Ceeto Capital Group LLC grew its position 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Vertex Energy during the 2nd quarter worth $94,000. Nwam LLC raised its holdings in Vertex Energy by 15.7% in the 1st quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock valued at $942,000 after acquiring an additional 88,000 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Vertex Energy during the 1st quarter valued at $107,000. Institutional investors and hedge funds own 42.99% of the company’s stock.

Vertex Energy Company Profile

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.