Vertex Energy, Inc (VTNR) Lifted to Sell at ValuEngine

ValuEngine upgraded shares of Vertex Energy, Inc (NASDAQ:VTNR) from a strong sell rating to a sell rating in a research note released on Thursday morning.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Vertex Energy from a sell rating to a hold rating in a research note on Wednesday, July 19th. Roth Capital set a $1.00 price target on Vertex Energy and gave the company a hold rating in a research note on Wednesday, August 23rd.

Vertex Energy (VTNR) traded down 4.05% during mid-day trading on Thursday, hitting $0.76. The stock had a trading volume of 29,801 shares. Vertex Energy has a 12-month low of $0.65 and a 12-month high of $1.80. The company has a 50-day moving average of $0.89 and a 200-day moving average of $1.01. The stock’s market cap is $24.82 million.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%. The business had revenue of $36.91 million during the quarter, compared to the consensus estimate of $32.00 million. On average, analysts anticipate that Vertex Energy will post ($0.33) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Vertex Energy, Inc (VTNR) Lifted to Sell at ValuEngine” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/01/vertex-energy-inc-vtnr-lifted-to-sell-at-valuengine.html.

A hedge fund recently raised its stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. raised its position in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 21.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,582 shares of the industrial products company’s stock after purchasing an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.52% of Vertex Energy worth $179,000 as of its most recent SEC filing. 16.80% of the stock is currently owned by hedge funds and other institutional investors.

About Vertex Energy

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, Re

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Vertex Energy from a sell rating to a hold rating in a research note on Wednesday, July 19th. Roth Capital set a $1.00 price target on Vertex Energy and gave the company a hold rating in a research note on Wednesday, August 23rd.

Vertex Energy (VTNR) traded down 4.05% during mid-day trading on Thursday, hitting $0.76. The stock had a trading volume of 29,801 shares. Vertex Energy has a 12-month low of $0.65 and a 12-month high of $1.80. The company has a 50-day moving average of $0.89 and a 200-day moving average of $1.01. The stock’s market cap is $24.82 million.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%. The business had revenue of $36.91 million during the quarter, compared to the consensus estimate of $32.00 million. On average, analysts anticipate that Vertex Energy will post ($0.33) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Vertex Energy, Inc (VTNR) Lifted to Sell at ValuEngine” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/01/vertex-energy-inc-vtnr-lifted-to-sell-at-valuengine.html.

A hedge fund recently raised its stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. raised its position in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 21.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,582 shares of the industrial products company’s stock after purchasing an additional 30,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.52% of Vertex Energy worth $179,000 as of its most recent SEC filing. 16.80% of the stock is currently owned by hedge funds and other institutional investors.

About Vertex Energy

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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