Vertex Energy (VTNR) Set to Announce Quarterly Earnings on Thursday

Vertex Energy (NASDAQ:VTNR) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Vertex Energy Price Performance

Shares of VTNR stock opened at $1.45 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $1.30 and its 200-day moving average is $2.31. Vertex Energy has a 1 year low of $0.95 and a 1 year high of $7.90.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HC Wainwright lowered their price target on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, February 29th. Northland Securities cut shares of Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 target price for the company. in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $4.00 price target on shares of Vertex Energy in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.88.

About Vertex Energy

Vertex Energy, Inc, an energy transition company, that focuses on the production and distribution of conventional and alternative fuels. The company engages in refining and distributing petroleum products comprising the mobile refinery and related operations. It sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services.