Zacks Investment Research Downgrades Vertex Energy (VTNR) to Hold

Zacks Investment Research downgraded shares of Vertex Energy (NASDAQ:VTNR) from a buy rating to a hold rating in a research report released on Saturday morning.

According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “

Separately, ValuEngine upgraded shares of Vertex Energy from a sell rating to a hold rating in a research report on Monday, April 2nd.

Shares of Vertex Energy stock opened at $1.07 on Friday. The stock has a market capitalization of $34.69 million, a price-to-earnings ratio of -2.97 and a beta of 0.89. Vertex Energy has a fifty-two week low of $0.65 and a fifty-two week high of $1.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.25 and a quick ratio of 0.79.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Tuesday, May 15th. The industrial products company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $41.37 million during the quarter, compared to analyst estimates of $38.20 million. Vertex Energy had a negative return on equity of 22.70% and a negative net margin of 4.93%. sell-side analysts predict that Vertex Energy will post -0.19 earnings per share for the current year.

A hedge fund recently bought a new stake in Vertex Energy stock. Prescott Group Capital Management L.L.C. purchased a new position in shares of Vertex Energy (NASDAQ:VTNR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 257,681 shares of the industrial products company’s stock, valued at approximately $289,000. Prescott Group Capital Management L.L.C. owned about 0.77% of Vertex Energy as of its most recent SEC filing. Hedge funds and other institutional investors own 14.38% of the company’s stock.

About Vertex Energy

Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in 15 states, primarily in the Gulf Coast, Midwest, and Mid-Atlantic regions of the United States. The company operates in three divisions: Black Oil, Refining and Marketing, and Recovery.

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