Stock analysts at Roth Capital initiated coverage on shares of Vertex Energy Inc. (NASDAQ:VTNR) in a research report issued on Tuesday. The brokerage set a “neutral” rating and a $1.40 price target on the stock. Roth Capital’s price target would suggest a potential upside of 22.82% from the stock’s current price.
Separately, Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Thursday, September 22nd.
Vertex Energy (NASDAQ:VTNR) traded up 2.6937% during midday trading on Tuesday, reaching $1.1399. 4,862 shares of the company’s stock traded hands. The company’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.39. The stock’s market cap is $35.35 million. Vertex Energy has a 52-week low of $0.63 and a 52-week high of $2.80.
Vertex Energy (NASDAQ:VTNR) last issued 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. The company earned $24.40 million during the quarter, compared to the consensus estimate of $18.70 million. Vertex Energy had a negative return on equity of 26.17% and a negative net margin of 6.64%. On average, equities analysts predict that Vertex Energy will post ($0.40) EPS for the current fiscal year.
An institutional investor recently raised its position in Vertex Energy stock. Redmond Asset Management LLC raised its position in shares of Vertex Energy Inc. (NASDAQ:VTNR) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 692,960 shares of the company’s stock after buying an additional 7,500 shares during the period. Redmond Asset Management LLC owned approximately 2.33% of Vertex Energy worth $922,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 23.24% of the company’s stock.
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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