Vertex Energy (NASDAQ:VTNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $1.25 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 25.00% 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. “
Separately, ValuEngine upgraded shares of Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
Vertex Energy (NASDAQ:VTNR) last announced its earnings results on Wednesday, March 7th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $41.35 million for the quarter, compared to analyst estimates of $34.97 million. Vertex Energy had a negative net margin of 5.80% and a negative return on equity of 26.89%. analysts anticipate that Vertex Energy will post -0.23 EPS for the current fiscal 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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