Vertex Energy, Inc (NASDAQ:VTNR) announced its earnings results on Tuesday. The industrial products company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.04, MarketWatch Earnings reports. The business had revenue of $36.91 million during the quarter, compared to analyst estimates of $32 million. Vertex Energy had a negative net margin of 5.63% and a negative return on equity of 16.86%.

Vertex Energy (VTNR) traded down 0.99% during trading on Wednesday, hitting $1.00. 20,426 shares of the stock were exchanged. Vertex Energy has a one year low of $0.90 and a one year high of $1.80. The company’s market cap is $32.15 million. The stock’s 50 day moving average is $1.03 and its 200-day moving average is $1.14.

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Several equities analysts have issued reports on VTNR shares. ValuEngine cut shares of Vertex Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Vertex Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th.

An institutional investor recently raised its position in Vertex Energy stock. Benchmark Capital Advisors boosted its stake in shares of Vertex Energy, Inc (NASDAQ:VTNR) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 389,669 shares of the industrial products company’s stock after buying an additional 3,000 shares during the period. Benchmark Capital Advisors owned about 1.21% of Vertex Energy worth $417,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Vertex Energy Company Profile

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.

Earnings History for Vertex Energy (NASDAQ:VTNR)

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