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.
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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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