Vertex Energy (NASDAQ:VTNR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and 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 report on Friday, February 2nd.

Vertex Energy (VTNR) traded up $0.01 during midday trading on Friday, reaching $0.95. 48,395 shares of the company’s stock traded hands, compared to its average volume of 50,928. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. Vertex Energy has a 12 month low of $0.65 and a 12 month high of $1.55. The firm has a market cap of $30.70, a PE ratio of -1.86 and a beta of 0.94.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported ($0.12) EPS for the quarter, missing the 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 firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $31.53 million. sell-side analysts predict that Vertex Energy will post -0.38 earnings per share for the current year.

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About Vertex Energy

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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