$42.46 Million in Sales Expected for Vertex Energy Inc (NASDAQ:VTNR) This Quarter

Share on StockTwits

Analysts expect Vertex Energy Inc (NASDAQ:VTNR) to announce $42.46 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Vertex Energy’s earnings. The lowest sales estimate is $41.71 million and the highest is $43.20 million. Vertex Energy posted sales of $41.80 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, March 4th.

According to Zacks, analysts expect that Vertex Energy will report full year sales of $163.24 million for the current year, with estimates ranging from $162.48 million to $164.00 million. For the next year, analysts expect that the firm will report sales of $194.88 million, with estimates ranging from $187.86 million to $201.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Vertex Energy.

A number of brokerages have recently issued reports on VTNR. HC Wainwright began coverage on shares of Vertex Energy in a research report on Monday, December 9th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Vertex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research restated a “hold” rating and issued a $1.25 price target on shares of Vertex Energy in a research report on Saturday, October 26th.

Several institutional investors have recently added to or reduced their stakes in VTNR. Vanguard Group Inc. lifted its position in shares of Vertex Energy by 290.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,053,551 shares of the industrial products company’s stock valued at $3,101,000 after acquiring an additional 1,527,590 shares during the period. Prescott Group Capital Management L.L.C. lifted its position in shares of Vertex Energy by 81.8% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 537,090 shares of the industrial products company’s stock valued at $827,000 after acquiring an additional 241,730 shares during the period. Renaissance Technologies LLC lifted its position in shares of Vertex Energy by 408.1% during the 4th quarter. Renaissance Technologies LLC now owns 83,906 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 67,393 shares during the period. Private Advisor Group LLC acquired a new position in shares of Vertex Energy during the 4th quarter valued at $52,000. Finally, City Holding Co. acquired a new position in shares of Vertex Energy during the 4th quarter valued at $45,000. Institutional investors own 20.72% of the company’s stock.

Shares of NASDAQ VTNR traded down $0.01 during midday trading on Friday, reaching $1.38. The stock had a trading volume of 46,600 shares, compared to its average volume of 134,271. The firm has a market cap of $58.17 million, a price-to-earnings ratio of -4.60 and a beta of 1.75. Vertex Energy has a twelve month low of $0.94 and a twelve month high of $1.95. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.74 and a current ratio of 0.96. The company’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.37.

About Vertex Energy

Vertex Energy, Inc engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery.

Recommended Story: What is meant by buying and selling pressure?

Get a free copy of the Zacks research report on Vertex Energy (VTNR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vertex Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertex Energy and related companies with MarketBeat.com's FREE daily email newsletter.