Shares of Vertex Energy, Inc. (NASDAQ:VTNR – Get Rating) have earned a consensus rating of "Hold" from the six research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.63.
A number of analysts have issued reports on VTNR shares. Credit Suisse Group boosted their target price on Vertex Energy to $21.50 in a research report on Thursday, June 9th. HC Wainwright cut their price objective on Vertex Energy from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday. Stifel Nicolaus upped their price objective on Vertex Energy from $14.00 to $20.00 in a research report on Wednesday, June 8th. Finally, Oppenheimer lowered Vertex Energy from an "outperform" rating to a "market perform" rating in a research report on Wednesday.
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In related news, CEO Benjamin P. Cowart sold 71,133 shares of the business's stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $10.38, for a total transaction of $738,360.54. Following the completion of the transaction, the chief executive officer now owns 547,384 shares in the company, valued at $5,681,845.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Vertex Energy news, CEO Benjamin P. Cowart sold 71,132 shares of the company's stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $11.33, for a total value of $805,925.56. Following the completion of the transaction, the chief executive officer now owns 476,252 shares in the company, valued at $5,395,935.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Benjamin P. Cowart sold 71,133 shares of the company's stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $10.38, for a total transaction of $738,360.54. Following the completion of the transaction, the chief executive officer now owns 547,384 shares of the company's stock, valued at approximately $5,681,845.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,472 shares of company stock worth $2,058,995. Corporate insiders own 15.90% of the company's stock.
Hedge Funds Weigh In On Vertex Energy
Large investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new position in Vertex Energy in the second quarter valued at $26,000. FNY Investment Advisers LLC acquired a new stake in shares of Vertex Energy during the first quarter worth about $25,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Vertex Energy during the second quarter worth about $27,000. CI Investments Inc. acquired a new stake in shares of Vertex Energy during the second quarter worth about $53,000. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Vertex Energy by 122.8% during the first quarter. Advisor Group Holdings Inc. now owns 5,770 shares of the industrial products company's stock worth $142,000 after buying an additional 3,180 shares during the period. Institutional investors and hedge funds own 48.16% of the company's stock.Vertex Energy Trading Up 3.5 %
Shares of NASDAQ VTNR opened at $7.30 on Wednesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.53 and a quick ratio of 3.87. Vertex Energy has a 52-week low of $3.30 and a 52-week high of $18.10. The business's 50 day moving average is $12.04 and its two-hundred day moving average is $9.93.
Vertex Energy (NASDAQ:VTNR – Get Rating) last announced its earnings results on Tuesday, May 10th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.22. The company had revenue of $40.22 million for the quarter, compared to analyst estimates of $63.63 million. Vertex Energy had a positive return on equity of 52.63% and a negative net margin of 6.55%. As a group, equities research analysts predict that Vertex Energy will post 3.25 EPS for the current fiscal year.
Vertex Energy Company Profile
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Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.
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