Zacks Investment Research downgraded shares of Vertex Energy Inc (NASDAQ:VTNR) from a hold rating to a sell rating in a research note issued to investors on Tuesday, May 16th.

According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “

Separately, Roth Capital set a $1.00 price target on Vertex Energy and gave the company a hold rating in a research report on Saturday, March 11th.

Vertex Energy (NASDAQ:VTNR) traded down 3.60% during midday trading on Tuesday, reaching $1.07. The company’s stock had a trading volume of 5,531 shares. The company has a 50 day moving average of $1.02 and a 200-day moving average of $1.19. The company’s market capitalization is $34.40 million. Vertex Energy has a 1-year low of $0.90 and a 1-year high of $1.80.

Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $30.03 million. Vertex Energy had a negative net margin of 6.29% and a negative return on equity of 24.65%. Equities research analysts anticipate that Vertex Energy will post ($0.20) earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the stock. Ardsley Advisory Partners acquired a new stake in shares of Vertex Energy during the third quarter valued at about $2,962,000. Redmond Asset Management LLC boosted its stake in Vertex Energy by 0.4% in the fourth quarter. Redmond Asset Management LLC now owns 701,292 shares of the industrial products company’s stock valued at $919,000 after buying an additional 2,960 shares during the last quarter. STA Wealth Management LLC boosted its stake in Vertex Energy by 4.5% in the fourth quarter. STA Wealth Management LLC now owns 233,666 shares of the industrial products company’s stock valued at $306,000 after buying an additional 10,000 shares during the last quarter. Vertex One Asset Management Inc. boosted its stake in Vertex Energy by 1,334.8% in the fourth quarter. Vertex One Asset Management Inc. now owns 1,815,831 shares of the industrial products company’s stock valued at $2,379,000 after buying an additional 1,689,272 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. boosted its stake in Vertex Energy by 0.6% in the first quarter. Prescott Group Capital Management L.L.C. now owns 137,582 shares of the industrial products company’s stock valued at $153,000 after buying an additional 872 shares during the last quarter. 21.99% of the stock is currently owned by institutional investors.

About Vertex Energy

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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