Vertex Energy (NASDAQ:VTNR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, Craig Hallum lowered shares of Vertex Energy from a “buy” rating to a “hold” rating and set a $1.00 target price on the stock. in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.63.

Vertex Energy Stock Performance

NASDAQ VTNR opened at $0.05 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.56 and a debt-to-equity ratio of 0.61. Vertex Energy has a twelve month low of $0.05 and a twelve month high of $5.04. The stock has a 50-day moving average of $0.36 and a 200 day moving average of $0.84.

Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Thursday, August 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.48). Vertex Energy had a negative return on equity of 58.04% and a negative net margin of 3.61%. The business had revenue of $750.06 million for the quarter, compared to analyst estimates of $729.29 million. During the same period in the previous year, the company earned ($0.55) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTNR. Hennessy Advisors Inc. raised its position in shares of Vertex Energy by 44.0% in the first quarter. Hennessy Advisors Inc. now owns 463,800 shares of the industrial products company’s stock valued at $649,000 after buying an additional 141,700 shares during the last quarter. Willis Johnson & Associates Inc. purchased a new stake in Vertex Energy during the 1st quarter valued at about $28,000. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Vertex Energy during the 1st quarter worth approximately $27,000. Nwam LLC grew its position in shares of Vertex Energy by 15.7% in the first quarter. Nwam LLC now owns 649,377 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 88,000 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Vertex Energy in the first quarter valued at approximately $107,000. Hedge funds and other institutional investors own 42.99% of the company’s stock.

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.