Zacks Investment Research cut shares of Vertex Energy (NASDAQ:VTNR) from a hold rating to a sell rating in a report released on Thursday morning.
According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “
Separately, ValuEngine upgraded shares of Vertex Energy from a strong sell rating to a sell rating in a report on Thursday, September 28th.
Vertex Energy (NASDAQ:VTNR) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). Vertex Energy had a negative net margin of 7.73% and a negative return on equity of 30.22%. equities research analysts predict that Vertex Energy will post -0.38 earnings per share for the current year.
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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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