Vertex Energy (VTNR) Rating Lowered to Sell at Zacks Investment Research

Vertex Energy (NASDAQ:VTNR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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. “

Separately, ValuEngine upgraded shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.

Shares of Vertex Energy (NASDAQ VTNR) traded up $0.01 on Friday, reaching $0.95. 48,395 shares of the company traded hands, compared to its average volume of 50,928. Vertex Energy has a fifty-two week low of $0.65 and a fifty-two week high of $1.55. The firm has a market capitalization of $30.70, a PE ratio of -1.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 0.79.

Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Tuesday, November 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Vertex Energy had a negative return on equity of 30.22% and a negative net margin of 7.73%. The business had revenue of $32.47 million for the quarter, compared to analyst estimates of $31.53 million. equities research analysts predict that Vertex Energy will post -0.38 EPS for the current year.

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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.

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