Vertex Energy (NASDAQ:VTNR) Research Coverage Started at HC Wainwright

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Equities researchers at HC Wainwright initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the industrial products company’s stock.

Separately, Zacks Investment Research restated a “hold” rating and set a $1.25 price target on shares of Vertex Energy in a research report on Saturday, October 26th.

Shares of NASDAQ VTNR opened at $1.57 on Monday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.96 and a quick ratio of 0.74. Vertex Energy has a 52-week low of $0.94 and a 52-week high of $1.87. The business’s 50 day moving average is $1.30 and its two-hundred day moving average is $1.32.

An institutional investor recently raised its position in Vertex Energy stock. BlackRock Inc. increased its stake in shares of Vertex Energy Inc (NASDAQ:VTNR) by 33.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,143 shares of the industrial products company’s stock after purchasing an additional 25,053 shares during the quarter. BlackRock Inc. owned 0.25% of Vertex Energy worth $152,000 at the end of the most recent quarter. 22.30% of the stock is currently owned by institutional investors.

About Vertex Energy

Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.

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