Vertex Energy (VTNR) Set to Announce Quarterly Earnings on Thursday

Vertex Energy (NASDAQ:VTNR) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Vertex Energy Trading Down 0.8 %

Shares of VTNR opened at $1.29 on Thursday. The company’s fifty day moving average is $1.33 and its two-hundred day moving average is $2.43. Vertex Energy has a fifty-two week low of $0.95 and a fifty-two week high of $7.90. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

VTNR has been the subject of a number of research reports. HC Wainwright decreased their price target on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, February 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $4.00 price target on shares of Vertex Energy in a research report on Monday, April 22nd. Finally, Northland Securities cut shares of Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 price target for the company. in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.88.

Vertex Energy Company Profile

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.