Vertex Energy Inc. (NASDAQ:VTNR) – Investment analysts at Roth Capital issued their Q3 2016 earnings per share (EPS) estimates for Vertex Energy in a report issued on Tuesday. Roth Capital analyst G. Sweeney forecasts that the firm will post earnings per share of ($0.05) for the quarter. Roth Capital has a “Neutral” rating and a $1.40 price target on the stock. Roth Capital also issued estimates for Vertex Energy’s Q4 2016 earnings at ($0.02) EPS, FY2016 earnings at ($0.36) EPS, Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.00 EPS and FY2018 earnings at $0.08 EPS.
Vertex Energy (NASDAQ:VTNR) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.01. Vertex Energy had a negative return on equity of 26.17% and a negative net margin of 6.64%. The company earned $24.40 million during the quarter, compared to analysts’ expectations of $18.70 million.
Separately, Zacks Investment Research upgraded Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Thursday, September 22nd.
Vertex Energy (NASDAQ:VTNR) traded down 0.179% during trading on Thursday, reaching $1.118. 958 shares of the company’s stock were exchanged. Vertex Energy has a 12-month low of $0.63 and a 12-month high of $2.80. The company’s market cap is $34.67 million. The stock’s 50-day moving average is $1.23 and its 200-day moving average is $1.39.
An institutional investor recently raised its position in Vertex Energy stock. Redmond Asset Management LLC increased its stake in shares of Vertex Energy Inc. (NASDAQ:VTNR) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 692,960 shares of the company’s stock after buying an additional 7,500 shares during the period. Redmond Asset Management LLC owned about 2.33% of Vertex Energy worth $922,000 as of its most recent SEC filing. 23.24% of the stock is owned by institutional investors.
Vertex Energy Company Profile
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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