In a report released today, Michael E. Hoffman from Stifel Nicolaus maintained a Hold rating on Vertex Energy (VTNR – Research Report), with a price target of $4.00. The company’s shares closed last Friday at $1.66.
E. Hoffman covers the Industrials sector, focusing on stocks such as Clean Harbors, Fastenal Company, and Republic Services. According to TipRanks, E. Hoffman has an average return of 12.1% and a 60.38% success rate on recommended stocks.
Currently, the analyst consensus on Vertex Energy is a Moderate Buy with an average price target of $3.95, representing a 137.95% upside. In a report released on February 23, TD Cowen also maintained a Hold rating on the stock with a $4.00 price target.
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VTNR market cap is currently $155.2M and has a P/E ratio of -7.63.
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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.
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