In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on Vertex Energy (VTNR – Research Report). The company’s shares closed yesterday at $1.90.
Stine covers the Industrials sector, focusing on stocks such as PureCycle Technologies, Aspen Aerogels, and American Superconductor. According to TipRanks, Stine has an average return of 1.5% and a 34.56% success rate on recommended stocks.
Vertex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $6.38.
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VTNR market cap is currently $177.7M and has a P/E ratio of -8.73.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTNR in relation to earlier this year.
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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.
Read More on VTNR:
- Vertex Energy selloff from worse loan terms ‘seems aggressive,’ says Northland
- Vertex Energy participates in a conference call with Northland
- Vertex Energy management to meet virtually with Northland
- Vertex Energy downgraded to Hold from Buy at Stifel
- Here are the Top 10 Analysts of November 2023, According to TipRanks
