Vertex Energy, Inc (NASDAQ:VTNR) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

VTNR has been the subject of several other reports. Roth Capital set a $1.00 target price on shares of Vertex Energy and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Vertex Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th.

Shares of Vertex Energy (NASDAQ:VTNR) traded down 13.000% on Friday, hitting $0.696. The stock had a trading volume of 336,824 shares. Vertex Energy has a 1-year low of $0.67 and a 1-year high of $1.80. The company’s market capitalization is $22.73 million. The firm has a 50-day moving average of $0.95 and a 200 day moving average of $1.05.

Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.04. Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%. The company had revenue of $36.91 million during the quarter, compared to analysts’ expectations of $32 million. On average, equities analysts anticipate that Vertex Energy will post ($0.33) earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Vertex Energy stock. Benchmark Capital Advisors increased its stake in Vertex Energy, Inc (NASDAQ:VTNR) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 389,669 shares of the industrial products company’s stock after acquiring an additional 3,000 shares during the period. Benchmark Capital Advisors owned about 1.21% of Vertex Energy worth $417,000 as of its most recent SEC filing. 16.80% of the stock is currently owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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