Vertex Energy (NASDAQ:VTNR) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report report published on Monday morning. The firm issued a sell rating on the industrial products company’s stock.

Separately, Craig Hallum cut Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 price target on the stock. in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.63.

Vertex Energy Stock Performance

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.30 and a current ratio of 0.56. The firm has a fifty day moving average of $0.34 and a 200 day moving average of $0.82. Vertex Energy has a one year low of $0.05 and a one year high of $5.04.

Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $729.29 million. During the same quarter last year, the company posted ($0.55) earnings per share.

Institutional Investors Weigh In On Vertex Energy

A number of institutional investors have recently modified their holdings of VTNR. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Vertex Energy during the first quarter worth approximately $27,000. Willis Johnson & Associates Inc. bought a new stake in shares of Vertex Energy in the 1st quarter valued at $28,000. Point72 DIFC Ltd acquired a new position in shares of Vertex Energy during the 2nd quarter valued at $54,000. Cubist Systematic Strategies LLC bought a new position in Vertex Energy during the second quarter worth $66,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Vertex Energy by 79.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 28,700 shares during the period. 42.99% of the stock is owned by institutional investors.

About Vertex Energy

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.