Vertex Energy (NASDAQ:VTNR) Now Covered by StockNews.com

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

Separately, Craig Hallum cut shares of 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 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. Based on data from MarketBeat, Vertex Energy presently has a consensus rating of “Hold” and an average price target of $2.63.

Vertex Energy Stock Performance

Vertex Energy has a fifty-two week low of $0.05 and a fifty-two week high of $5.04. The stock has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.81. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.56 and a quick ratio of 0.30.

Institutional Trading of Vertex Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VTNR. Point72 DIFC Ltd purchased a new position in Vertex Energy during the 2nd quarter valued at about $54,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 purchasing an additional 28,700 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Vertex Energy in the 2nd quarter worth approximately $66,000. Quadrature Capital Ltd purchased a new stake in shares of Vertex Energy in the 1st quarter worth approximately $107,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Vertex Energy during the 2nd quarter valued at approximately $94,000. 42.99% of the stock is owned by hedge funds and other 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.