Roth Capital assumed coverage on shares of Vertex Energy Inc. (NASDAQ:VTNR) in a research report issued on Tuesday. The firm set a “neutral” rating and a $1.40 price target on the stock. Roth Capital’s target price indicates a potential upside of 25.00% from the stock’s previous close.
Separately, Zacks Investment Research raised Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price objective on the stock in a research report on Thursday, September 22nd.
Vertex Energy (NASDAQ:VTNR) opened at 1.12 on Tuesday. The company’s market cap is $34.73 million. The stock has a 50 day moving average of $1.22 and a 200 day moving average of $1.39. Vertex Energy has a one year low of $0.63 and a one year high of $2.80.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.01. Vertex Energy had a negative net margin of 6.64% and a negative return on equity of 26.17%. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $18.70 million. On average, analysts anticipate that Vertex Energy will post ($0.40) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Vertex Energy stock. Benchmark Capital Advisors raised its position in shares of Vertex Energy Inc. (NASDAQ:VTNR) by 44.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347,769 shares of the company’s stock after buying an additional 107,000 shares during the period. Benchmark Capital Advisors owned 1.23% of Vertex Energy worth $678,000 as of its most recent SEC filing. 23.24% of the stock is owned by hedge funds and other 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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