Vertex Energy Sets New 1-Year High at $9.38 (VTNR)
Vertex Energy (NASDAQ:VTNR) shares hit a new 52-week high on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $9.38 and last traded at $9.29, with a volume of 676,723 shares trading hands. The stock had previously closed at $8.48.
A number of research firms have recently commented on VTNR. Analysts at Zacks downgraded shares of Vertex Energy from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $9.50 price target on the stock. Separately, 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.
The stock’s 50-day moving average is $7.91 and its 200-day moving average is $4.79. The company has a market cap of $208.3 million and a P/E ratio of 22.86.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $42.48 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, analysts predict that Vertex Energy will post $0.52 earnings per share for the current fiscal year.
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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