Vertex Energy, Inc (NASDAQ:VTNR) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

A number of other equities analysts also recently issued reports on the company. Roth Capital set a $1.00 target price on Vertex Energy and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Vertex Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.

Shares of Vertex Energy (VTNR) opened at 0.696 on Friday. Vertex Energy has a 52-week low of $0.67 and a 52-week high of $1.80. The stock’s market capitalization is $22.73 million. The stock has a 50 day moving average price of $0.95 and a 200-day moving average price of $1.05.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.04. The company had revenue of $36.91 million for the quarter, compared to analyst estimates of $32 million. Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%. On average, equities research analysts anticipate that Vertex Energy will post ($0.33) EPS for the current fiscal year.

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An institutional investor recently raised its position in Vertex Energy stock. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 21.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,582 shares of the industrial products company’s stock after buying an additional 30,000 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.52% of Vertex Energy worth $179,000 at the end of the most recent reporting period. Institutional investors own 16.80% 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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