Vertex Energy Inc. (VTNR) to Post Q3 2016 Earnings of ($0.05) Per Share, Roth Capital Forecasts
Vertex Energy Inc. (NASDAQ:VTNR) – Roth Capital issued their Q3 2016 earnings per share (EPS) estimates for shares of Vertex Energy in a note issued to investors on Tuesday. Roth Capital analyst G. Sweeney anticipates that the brokerage will post earnings of ($0.05) per share for the quarter. Roth Capital currently has a “Neutral” rating and a $1.40 target price on the stock. Roth Capital also issued estimates for Vertex Energy’s Q4 2016 earnings at ($0.02) EPS, FY2016 earnings at ($0.36) EPS, Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.00 EPS and FY2018 earnings at $0.08 EPS.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The company had revenue of $24.40 million for the quarter, compared to analyst estimates of $18.70 million. Vertex Energy had a negative return on equity of 26.17% and a negative net margin of 6.64%.
Separately, Zacks Investment Research raised shares of Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Thursday, September 22nd.
Shares of Vertex Energy (NASDAQ:VTNR) opened at 1.15 on Thursday. The firm’s market capitalization is $35.66 million. The firm’s 50-day moving average is $1.21 and its 200 day moving average is $1.38. Vertex Energy has a 12 month low of $0.63 and a 12 month high of $2.79.
An institutional investor recently raised its position in Vertex Energy stock. Redmond Asset Management LLC increased its position in shares of 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 at the end of the most recent reporting period. 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.
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