ValuEngine downgraded shares of Vertex Energy, Inc (NASDAQ:VTNR) from a sell rating to a strong sell rating in a research report sent to investors on Thursday.

Separately, Zacks Investment Research upgraded shares of Vertex Energy from a sell rating to a hold rating in a research note on Wednesday, July 19th.

Shares of Vertex Energy (VTNR) opened at 0.985 on Thursday. The stock’s market cap is $31.67 million. Vertex Energy has a 12-month low of $0.90 and a 12-month high of $1.80. The firm’s 50-day moving average price is $1.03 and its 200-day moving average price is $1.15.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business had revenue of $34.77 million during the quarter, compared to analyst estimates of $30.03 million. Vertex Energy had a negative return on equity of 16.86% and a negative net margin of 5.63%. On average, analysts forecast that Vertex Energy will post ($0.20) EPS for the current fiscal year.

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An institutional investor recently raised its position in Vertex Energy stock. Prescott Group Capital Management L.L.C. boosted its position in Vertex Energy, Inc (NASDAQ:VTNR) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,582 shares of the industrial products company’s stock after buying an additional 872 shares during the period. Prescott Group Capital Management L.L.C. owned about 0.41% of Vertex Energy worth $153,000 at the end of the most recent reporting period. Institutional investors own 23.50% 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.

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

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