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

Stock analysts at StockNews.com initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report issued on Tuesday. The brokerage set 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 objective for the company. in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $2.63.

Vertex Energy Trading Down 51.5 %

Shares of VTNR stock opened at $0.05 on Tuesday. The stock’s 50-day moving average is $0.34 and its 200 day moving average is $0.82. Vertex Energy has a 1-year low of $0.05 and a 1-year high of $5.04. 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 (NASDAQ:VTNR) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The firm had revenue of $750.06 million for the quarter, compared to the consensus estimate of $729.29 million. Vertex Energy had a negative return on equity of 58.04% and a negative net margin of 3.61%. During the same quarter last year, the firm earned ($0.55) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VTNR. Point72 DIFC Ltd purchased a new stake in shares of Vertex Energy during the second quarter valued at $54,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Vertex Energy in the second quarter worth about $66,000. Price T Rowe Associates Inc. MD raised its position in Vertex Energy by 79.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 64,976 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 28,700 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Vertex Energy in the 2nd quarter valued at $94,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Vertex Energy in the first 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.