Vertex Energy (NASDAQ:VTNR) Coverage Initiated at HC Wainwright

HC Wainwright started coverage on shares of Vertex Energy (NASDAQ:VTNR) in a research note published on Monday, reports. The firm issued a buy rating on the industrial products company’s stock.

Separately, Zacks Investment Research restated a hold rating and issued a $1.25 price objective on shares of Vertex Energy in a research note on Saturday, October 26th.

Shares of Vertex Energy stock opened at $1.55 on Monday. The company’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.32. The company has a market cap of $64.87 million, a price-to-earnings ratio of -6.74 and a beta of 1.80. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 2.10. Vertex Energy has a 1 year low of $0.94 and a 1 year high of $1.87.

An institutional investor recently raised its position in Vertex Energy stock. BlackRock Inc. lifted its stake in Vertex Energy Inc (NASDAQ:VTNR) by 33.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,143 shares of the industrial products company’s stock after acquiring an additional 25,053 shares during the period. BlackRock Inc. owned approximately 0.25% of Vertex Energy worth $152,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 22.30% of the company’s stock.

Vertex Energy Company Profile

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.

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