Vertex Energy (VTNR) Earning Positive Press Coverage, Analysis Finds

Media stories about Vertex Energy (NASDAQ:VTNR) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vertex Energy earned a media sentiment score of 0.36 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 46.3947174021479 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

VTNR has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Vertex Energy from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine downgraded shares of Vertex Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Roth Capital set a $1.00 price objective on shares of Vertex Energy and gave the company a “hold” rating in a report on Wednesday, August 23rd.

Vertex Energy (VTNR) traded up 3.924% during trading on Wednesday, reaching $0.821. 2,387 shares of the company’s stock traded hands. The stock’s market cap is $26.81 million. Vertex Energy has a one year low of $0.65 and a one year high of $1.80. The firm’s 50 day moving average price is $0.77 and its 200-day moving average price is $0.94.

Vertex Energy (NASDAQ:VTNR) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). Vertex Energy had a negative return on equity of 23.10% and a negative net margin of 6.49%. The company had revenue of $36.91 million for the quarter, compared to analyst estimates of $32.00 million. On average, equities analysts anticipate that Vertex Energy will post ($0.31) earnings per share for the current fiscal 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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