Vertex Energy Inc. (VTNR) to Post Q3 2016 Earnings of ($0.05) Per Share, Roth Capital Forecasts
Vertex Energy Inc. (NASDAQ:VTNR) – Stock analysts at Roth Capital issued their Q3 2016 earnings estimates for Vertex Energy in a note issued to investors on Tuesday. Roth Capital analyst G. Sweeney expects that the brokerage will post earnings of ($0.05) per share for the quarter. Roth Capital has a “Neutral” rating and a $1.40 price objective on the stock. Roth Capital also issued estimates for Vertex Energy’s Q4 2016 earnings at ($0.02) EPS, FY2016 earnings at ($0.36) EPS, Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.00 EPS, Q3 2017 earnings at $0.00 EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.00 EPS and FY2018 earnings at $0.08 EPS.
Vertex Energy (NASDAQ:VTNR) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.01. The company earned $24.40 million during the quarter, compared to analysts’ expectations of $18.70 million. Vertex Energy had a negative net margin of 6.64% and a negative return on equity of 26.17%.
Separately, Zacks Investment Research upgraded Vertex Energy from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research report on Thursday, September 22nd.
Shares of Vertex Energy (NASDAQ:VTNR) opened at 1.15 on Thursday. The company’s 50-day moving average price is $1.21 and its 200 day moving average price is $1.38. Vertex Energy has a 1-year low of $0.63 and a 1-year high of $2.79. The stock’s market cap is $35.66 million.
A hedge fund recently raised its stake in Vertex Energy stock. Redmond Asset Management LLC raised its stake in Vertex Energy Inc. (NASDAQ:VTNR) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 692,960 shares of the company’s stock after buying an additional 7,500 shares during the period. Redmond Asset Management LLC owned approximately 2.33% of Vertex Energy worth $922,000 at the end of the most recent reporting period. 23.24% of the stock is owned by institutional investors.
Vertex Energy Company Profile
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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