Vertex Energy Receives New Coverage from Analysts at Stifel Nicolaus (VTNR)
Research analysts at Stifel Nicolaus initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 24.69% from the company’s current price.
A number of other firms have also recently commented on VTNR. 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. Four investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $10.88.
Vertex Energy (NASDAQ:VTNR) opened at 8.02 on Thursday. Vertex Energy has a 52-week low of $2.71 and a 52-week high of $11.25. The stock has a 50-day moving average of $8.49 and a 200-day moving average of $7.27. The company has a market cap of $200.8 million and a price-to-earnings ratio of 13.95.
Vertex Energy (NASDAQ:VTNR) last released its earnings data on Thursday, August 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.21. The company had revenue of $72.10 million for the quarter, compared to the consensus estimate of $76.16 million. During the same quarter last year, the company posted $0.01 earnings per share. On average, analysts predict that Vertex Energy will post $0.41 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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