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

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

Separately, Craig Hallum downgraded Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 target price for the company. in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Vertex Energy currently has an average rating of “Hold” and an average target price of $2.63.

Vertex Energy Price Performance

Vertex Energy has a 52 week low of $0.05 and a 52 week high of $5.04. The firm has a fifty day moving average price of $0.34 and a two-hundred day moving average price of $0.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30.

Vertex Energy (NASDAQ:VTNR) last announced 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). The firm had revenue of $750.06 million during the quarter, compared to the consensus estimate of $729.29 million. Vertex Energy had a negative net margin of 3.61% and a negative return on equity of 58.04%. During the same period last year, the business earned ($0.55) EPS.

Institutional Trading of Vertex Energy

Several institutional investors have recently added to or reduced their stakes in VTNR. Point72 DIFC Ltd acquired a new stake in Vertex Energy in the 2nd quarter worth about $54,000. Cubist Systematic Strategies LLC bought a new position in shares of Vertex Energy during the second quarter worth approximately $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vertex Energy in the second quarter valued at approximately $94,000. XTX Topco Ltd boosted its stake in shares of Vertex Energy by 89.7% in the second quarter. XTX Topco Ltd now owns 154,284 shares of the industrial products company’s stock valued at $146,000 after buying an additional 72,958 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in Vertex Energy by 11.6% during the second quarter. SummerHaven Investment Management LLC now owns 130,402 shares of the industrial products company’s stock worth $123,000 after buying an additional 13,533 shares in the last quarter. 42.99% of the stock is currently owned by institutional investors.

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.