Vertex Energy, Inc. (NASDAQ:VTNR – Get Rating) has earned an average recommendation of "Hold" from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $18.63.
Several research firms recently issued reports on VTNR. Stifel Nicolaus raised their target price on shares of Vertex Energy from $14.00 to $20.00 in a research report on Wednesday, June 8th. Oppenheimer cut shares of Vertex Energy from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 10th. HC Wainwright decreased their target price on shares of Vertex Energy from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, August 10th. StockNews.com raised shares of Vertex Energy to a "sell" rating in a research report on Thursday, September 22nd. Finally, Credit Suisse Group lifted their price target on shares of Vertex Energy to $21.50 in a research report on Thursday, June 9th.
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Vertex Energy Price Performance
VTNR opened at $6.23 on Thursday. The company's 50 day simple moving average is $8.64 and its 200 day simple moving average is $10.36. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.53 and a quick ratio of 0.94. Vertex Energy has a 1 year low of $3.30 and a 1 year high of $18.10.
Insider Buying and Selling at Vertex Energy
In other news, CEO Benjamin P. Cowart sold 71,133 shares of Vertex Energy stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $10.38, for a total transaction of $738,360.54. Following the sale, the chief executive officer now owns 547,384 shares in the company, valued at $5,681,845.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at
the SEC website. In other news, CEO Benjamin P. Cowart sold 71,133 shares of Vertex Energy stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $10.38, for a total transaction of $738,360.54. Following the sale, the chief executive officer now owns 547,384 shares in the company, valued at $5,681,845.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at
the SEC website. Also, CEO Benjamin P. Cowart sold 71,132 shares of Vertex Energy stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $11.33, for a total transaction of $805,925.56. Following the sale, the chief executive officer now owns 476,252 shares in the company, valued at approximately $5,395,935.16. The disclosure for this sale can be found
here. Insiders have sold a total of 213,398 shares of company stock valued at $2,119,041 over the last ninety days. Corporate insiders own 15.90% of the company's stock.
Institutional Trading of Vertex Energy
A number of hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Vertex Energy in the second quarter worth $26,000. FNY Investment Advisers LLC bought a new stake in shares of Vertex Energy in the first quarter worth $25,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Vertex Energy in the second quarter worth $27,000. CI Investments Inc. bought a new stake in shares of Vertex Energy in the second quarter worth $53,000. Finally, Legal & General Group Plc bought a new stake in shares of Vertex Energy in the second quarter worth $60,000. Hedge funds and other institutional investors own 62.15% of the company's stock.
About Vertex Energy
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Vertex Energy, Inc, an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates through Black Oil, Refining and Marketing, and Recovery segments.
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