Vertex Energy Trading 2.1% Higher on Analyst Upgrade (VTNR)
Vertex Energy (NASDAQ:VTNR) shares shot up 2.1% on Friday after ING Group raised their price target on the stock from $10.00 to $15.00, American Banking News.com reports. The company traded as high as $10.28 and last traded at $10.01, with a volume of 196,136 shares. The stock had previously closed at $9.80.
A number of other analysts have also recently weighed in on VTNR. Analysts at Singular Research raised their price target on shares of Vertex Energy from $10.00 to $15.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Vertex Energy presently has an average rating of “Buy” and an average price target of $11.20.
The stock’s 50-day moving average is $8.03 and its 200-day moving average is $4.86. The company has a market cap of $224.0 million and a price-to-earnings ratio of 26.42.
Vertex Energy (NASDAQ:VTNR) last released its earnings data on Tuesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. Analysts expect that Vertex Energy will post $0.52 EPS 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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