Imperial Capital Begins Coverage on Vertex Energy (VTNR)
Equities researchers at Imperial Capital initiated coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $10.00 price target on the stock. Imperial Capital’s target price indicates a potential upside of 13.90% from the company’s current price.
Vertex Energy (NASDAQ:VTNR) opened at 8.79 on Thursday. Vertex Energy has a 52-week low of $2.79 and a 52-week high of $11.25. The stock’s 50-day moving average is $8.37 and its 200-day moving average is $7.64. The company has a market cap of $220.1 million and a price-to-earnings ratio of 15.84.
Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings results 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 in the prior year, the company posted $0.01 earnings per share. Analysts expect that Vertex Energy will post $0.41 EPS for the current fiscal year.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Vertex Energy in a research note on Thursday, August 21st. They set a “buy” rating and a $10.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, Vertex Energy presently has a consensus rating of “Buy” and an average price target of $10.70.
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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