Vertex Energy (VTNR) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Vertex Energy (NASDAQ:VTNR) issued its quarterly earnings data on Tuesday. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01, AnalystRatings.Net reports. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $42.48 million.
VTNR has been the subject of a number of recent research reports. Analysts at Wunderlich raised their price target on shares of Vertex Energy from $8.00 to $10.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. On a related note, analysts at Zacks upgraded shares of Vertex Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 2nd. They now have a $7.10 price target on the stock. Finally, analysts at Edison Group reiterated a “positive” rating on shares of Vertex Energy in a research note on Friday, March 28th.
Shares of Vertex Energy (NASDAQ:VTNR) opened at 8.47 on Tuesday. Vertex Energy has a 1-year low of $2.35 and a 1-year high of $9.19. The stock has a 50-day moving average of $7.47 and a 200-day moving average of $4.41. The company has a market cap of $179.9 million and a P/E ratio of 22.90.
Vertex Energy, Inc (NASDAQ:VTNR) is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products.
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