Vertex Energy Inc. (NASDAQ:VTNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $1.25 price objective on the stock. Zacks Investment Research’s price objective suggests a potential upside of 5.93% from the company’s current price.

According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “

Shares of Vertex Energy (NASDAQ:VTNR) opened at 1.18 on Thursday. The company’s market cap is $36.59 million. Vertex Energy has a 52 week low of $0.63 and a 52 week high of $2.80. The firm has a 50-day moving average of $1.28 and a 200 day moving average of $1.45.

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Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Vertex Energy had a negative net margin of 6.64% and a negative return on equity of 26.17%. The company earned $24.40 million during the quarter, compared to analyst estimates of $18.70 million. Equities analysts expect that Vertex Energy will post ($0.40) EPS for the current fiscal year.

An institutional investor recently raised its position in Vertex Energy stock. Benchmark Capital Advisors boosted its position in Vertex Energy Inc. (NASDAQ:VTNR) by 44.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 347,769 shares of the company’s stock after buying an additional 107,000 shares during the period. Benchmark Capital Advisors owned about 1.23% of Vertex Energy worth $678,000 at the end of the most recent reporting period. 23.24% of the stock is owned by institutional investors.

About Vertex Energy

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

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