Equities analysts expect Vertex Energy Inc (NASDAQ:VTNR) to announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Vertex Energy’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.02). Vertex Energy reported earnings per share of ($0.33) in the same quarter last year, which would indicate a positive year-over-year growth rate of 78.8%. The company is expected to announce its next earnings report on Thursday, May 11th.
According to Zacks, analysts expect that Vertex Energy will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.09). For the next fiscal year, analysts expect that the company will post earnings of $0.02 per share. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Vertex Energy.
Several equities analysts recently issued reports on VTNR shares. Zacks Investment Research lowered Vertex Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Roth Capital set a $1.00 price target on Vertex Energy and gave the stock a “hold” rating in a research report on Saturday, March 11th.
A number of institutional investors have recently bought and sold shares of VTNR. Ardsley Advisory Partners bought a new position in Vertex Energy during the third quarter valued at about $2,962,000. Vertex One Asset Management Inc. raised its position in Vertex Energy by 1,334.8% in the fourth quarter. Vertex One Asset Management Inc. now owns 1,815,831 shares of the company’s stock valued at $2,379,000 after buying an additional 1,689,272 shares during the last quarter. STA Wealth Management LLC raised its position in Vertex Energy by 4.5% in the fourth quarter. STA Wealth Management LLC now owns 233,666 shares of the company’s stock valued at $306,000 after buying an additional 10,000 shares during the last quarter. Finally, Redmond Asset Management LLC raised its position in Vertex Energy by 0.4% in the fourth quarter. Redmond Asset Management LLC now owns 701,292 shares of the company’s stock valued at $919,000 after buying an additional 2,960 shares during the last quarter. Institutional investors and hedge funds own 21.99% of the company’s stock.
Shares of Vertex Energy (NASDAQ:VTNR) traded up 2.02% during trading on Wednesday, hitting $1.01. The stock had a trading volume of 81,543 shares. The stock’s market capitalization is $33.59 million. Vertex Energy has a 52 week low of $0.90 and a 52 week high of $1.83. The firm has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.21.
About Vertex Energy
Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.
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