Roth Capital assumed coverage on shares of Vertex Energy Inc. (NASDAQ:VTNR) in a research note issued to investors on Tuesday. The brokerage issued a neutral rating and a $1.40 target price on the stock.

Separately, Zacks Investment Research downgraded Vertex Energy from a hold rating to a strong sell rating in a research report on Wednesday, July 20th.

Vertex Energy (NASDAQ:VTNR) opened at 1.1399 on Tuesday. Vertex Energy has a 1-year low of $0.63 and a 1-year high of $2.80. The company’s 50-day moving average price is $1.23 and its 200 day moving average price is $1.39. The firm’s market cap is $35.35 million.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.01. Vertex Energy had a negative net margin of 6.64% and a negative return on equity of 26.17%. The firm had revenue of $24.40 million for the quarter, compared to analysts’ expectations of $18.70 million. On average, equities analysts expect that Vertex Energy will post ($0.40) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Vertex Energy stock. Redmond Asset Management LLC raised its stake in Vertex Energy Inc. (NASDAQ:VTNR) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 692,960 shares of the company’s stock after buying an additional 7,500 shares during the period. Redmond Asset Management LLC owned about 2.33% of Vertex Energy worth $922,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.24% of the company’s stock.

Vertex Energy Company Profile

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

5 Day Chart for NASDAQ:VTNR

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