Analysts Set Vertex Energy, Inc. (NASDAQ:VTNR) Price Target at $15.00

Shares of Vertex Energy, Inc. (NASDAQ:VTNRGet Rating) have been given a consensus recommendation of “Hold” by the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.00.

Several brokerages recently issued reports on VTNR. StockNews.com began coverage on shares of Vertex Energy in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research upgraded shares of Vertex Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 8th.

Shares of VTNR stock traded up $1.94 on Friday, hitting $13.84. 9,462,508 shares of the stock traded hands, compared to its average volume of 3,359,539. The firm’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $6.34. The company has a current ratio of 4.10, a quick ratio of 4.69 and a debt-to-equity ratio of 0.63. Vertex Energy has a twelve month low of $1.57 and a twelve month high of $14.32.

Vertex Energy (NASDAQ:VTNRGet Rating) last announced its quarterly earnings results on Monday, March 7th. The industrial products company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.16). Vertex Energy had a negative net margin of 7.20% and a negative return on equity of 25.34%. During the same quarter last year, the firm posted ($0.12) EPS. As a group, equities analysts predict that Vertex Energy will post 0.75 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in VTNR. BlackRock Inc. boosted its holdings in shares of Vertex Energy by 18.7% in the fourth quarter. BlackRock Inc. now owns 1,974,860 shares of the industrial products company’s stock valued at $8,945,000 after acquiring an additional 311,800 shares during the period. Marshall Wace LLP acquired a new stake in shares of Vertex Energy in the fourth quarter valued at approximately $8,529,000. Morgan Stanley boosted its holdings in shares of Vertex Energy by 669.4% in the third quarter. Morgan Stanley now owns 1,012,803 shares of the industrial products company’s stock valued at $5,307,000 after acquiring an additional 881,163 shares during the period. Yaupon Capital Management LP acquired a new stake in shares of Vertex Energy in the fourth quarter valued at approximately $3,397,000. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Vertex Energy by 288.1% in the fourth quarter. Kennedy Capital Management Inc. now owns 644,994 shares of the industrial products company’s stock valued at $2,922,000 after acquiring an additional 478,800 shares during the period. 48.16% of the stock is owned by hedge funds and other institutional investors.

Vertex Energy Company Profile (Get Rating)

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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