Vertex Energy (VTNR) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

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Vertex Energy (NASDAQ:VTNR) posted its quarterly earnings results on Tuesday. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Fidelity Earnings reports. Vertex Energy had a negative net margin of 1.91% and a negative return on equity of 7.93%. The business had revenue of $50.63 million during the quarter, compared to the consensus estimate of $40.10 million.

NASDAQ:VTNR traded up $0.07 during mid-day trading on Wednesday, hitting $1.68. 1,600 shares of the stock traded hands, compared to its average volume of 224,005. The stock has a market cap of $57.44 million, a P/E ratio of -4.67 and a beta of 1.20. Vertex Energy has a 12-month low of $0.77 and a 12-month high of $2.04. The company has a current ratio of 1.38, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53.

Several analysts have recently issued reports on VTNR shares. Roth Capital reissued a “neutral” rating on shares of Vertex Energy in a research report on Thursday, September 13th. ValuEngine raised shares of Vertex Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Thursday, August 16th.

A hedge fund recently bought a new stake in Vertex Energy stock. Ardsley Advisory Partners acquired a new stake in shares of Vertex Energy Inc (NASDAQ:VTNR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 165,413 shares of the industrial products company’s stock, valued at approximately $175,000. Ardsley Advisory Partners owned approximately 0.47% of Vertex Energy at the end of the most recent quarter. 11.77% of the stock is currently owned by institutional investors and hedge funds.

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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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Earnings History for Vertex Energy (NASDAQ:VTNR)

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