Vertex Energy Inc (NASDAQ:VTNR) Expected to Announce Earnings of -$0.04 Per Share

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Wall Street analysts expect Vertex Energy Inc (NASDAQ:VTNR) to post earnings of ($0.04) per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vertex Energy’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.05). Vertex Energy posted earnings per share of ($0.03) during the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings results on Wednesday, March 4th.

On average, analysts expect that Vertex Energy will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.26). For the next fiscal year, analysts expect that the business will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.03) to $0.01. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Vertex Energy.

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

A number of large investors have recently bought and sold shares of the stock. Game Plan Financial Advisors LLC acquired a new position in Vertex Energy in the fourth quarter valued at approximately $26,000. City Holding Co. acquired a new position in Vertex Energy in the fourth quarter valued at approximately $45,000. Private Advisor Group LLC acquired a new position in Vertex Energy in the fourth quarter valued at approximately $52,000. Renaissance Technologies LLC boosted its stake in Vertex Energy by 408.1% in the fourth 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. Finally, BlackRock Inc. boosted its stake in Vertex Energy by 33.4% in the second quarter. BlackRock Inc. now owns 100,143 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 25,053 shares during the period. Institutional investors and hedge funds own 20.72% of the company’s stock.

NASDAQ:VTNR traded down $0.01 during mid-day 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 company has a market capitalization of $58.17 million, a price-to-earnings ratio of -4.60 and a beta of 1.75. Vertex Energy has a 1-year low of $0.94 and a 1-year high of $1.95. The stock’s 50 day simple moving average is $1.55 and its two-hundred day simple moving average is $1.37. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.96 and a quick ratio of 0.74.

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.

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