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

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

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

Vertex Energy Stock Performance

Vertex Energy has a 1 year low of $0.05 and a 1 year high of $5.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30. The company has a 50 day moving average price of $0.36 and a two-hundred day moving average price of $0.84.

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 business had revenue of $750.06 million during the quarter, compared to the consensus estimate of $729.29 million. During the same quarter last year, the company earned ($0.55) earnings per share.

Institutional Investors Weigh In On Vertex Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennessy Advisors Inc. grew its stake in shares of Vertex Energy by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock worth $649,000 after acquiring an additional 141,700 shares in the last quarter. Willis Johnson & Associates Inc. bought a new position in Vertex Energy in the first quarter valued at $28,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in Vertex Energy in the 1st quarter valued at $27,000. Nwam LLC increased its stake 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 buying an additional 88,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Vertex Energy during the 1st quarter worth about $107,000. Institutional investors and hedge funds own 42.99% of the company’s stock.

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.