Vertex Energy (VTNR) Releases Quarterly Earnings, Beats Expectations By $0.21 EPS
Vertex Energy (NASDAQ:VTNR) posted its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.21, Stock Ratings Network.com reports. The company had revenue of $72.10 million for the quarter, compared to the consensus estimate of $76.16 million.
Several analysts have recently commented on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Vertex Energy in a research note on Monday, June 2nd. They now have a $12.00 price target on the stock, up previously from $10.00. 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, May 30th. They now have a “buy” rating on the stock.
Shares of Vertex Energy (NASDAQ:VTNR) opened at 7.44 on Thursday. Vertex Energy has a 52-week low of $2.45 and a 52-week high of $11.25. The stock has a 50-day moving average of $8.70 and a 200-day moving average of $7.10. The company has a market cap of $167.5 million and a price-to-earnings ratio of 21.73.
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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