In a report released today, Donovan Schafer CFA from Northland Securities maintained a Hold rating on Vertex Energy (VTNR – Research Report), with a price target of $1.30. The company’s shares closed yesterday at $1.14.
According to TipRanks, Schafer CFA is an analyst with an average return of -18.5% and a 33.02% success rate. Schafer CFA covers the Technology sector, focusing on stocks such as Sunnova Energy International, Array Technologies, and Shoals Technologies Group.
In addition to Northland Securities, Vertex Energy also received a Hold from Oppenheimer’s Noah Kaye in a report issued today. However, on the same day, H.C. Wainwright maintained a Buy rating on Vertex Energy (NASDAQ: VTNR).
The company has a one-year high of $7.28 and a one-year low of $0.95. Currently, Vertex Energy has an average volume of 2.48M.
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Vertex Energy (VTNR) Company Description:
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. The Black Oil division engaged in operations across the entire used motor oil recycling value chain, including collection, aggregation, transportation, storage, refinement, and sales of aggregated feedstock and re-refined products to end users. The Refining & Marketing division engaged in the aggregation of feedstock, re-refining it into value end products, and selling these products to customers, as well as related transportation and storage activities. The Recovery division engages in the recovery and management of hydrocarbon streams. This division also provides industrial dismantling, demolition, decommissioning, investment recovery and marine salvage services in industrial facilities. The company was founded by Benjamin P. Cowart on May 14, 2008 and is headquartered in Houston, TX.
