Equity research analysts expect Vertex Energy, Inc. (NASDAQ:VTNR – Get Rating) to report earnings of $0.08 per share for the current fiscal quarter, reports Zacks Investment Research. Two analysts made earnings estimates for Vertex Energy. The highest EPS estimate is $0.12 and the lowest is $0.03. Vertex Energy reported earnings of ($0.12) per share in the same quarter last year, indicating a positive year-over-year growth rate of 166.7%. The company is due to release its next earnings report on Monday, January 1.
On average, analysts expect Vertex Energy to report annual earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $1.34. For next year, analysts expect the company to post earnings of $3.46 per share, with EPS estimates ranging from $2.69 to $4.23. Zacks EPS calculations are an average based on a survey of analysts who cover Vertex Energy.
Vertex Energy (NASDAQ:VTNR – Get Rating) last released its quarterly results on Monday, March 7. The industrial products company reported ($0.15) earnings per share for the quarter, missing Thomson Reuters’ consensus estimate of $0.01 per ($0.16). Vertex Energy had a negative return on equity of 91.33% and a negative net margin of 7.20%. During the same period of the previous year, the company achieved EPS of ($0.12).
VTNR has been the subject of several recent research reports. Credit Suisse Group launched coverage on Vertex Energy in a report on Wednesday, December 1. They set an “outperform” rating and a price target of $13.00 for the company. Zacks Investment Research upgraded Vertex Energy from a “Strong Sell” rating to a “Hold” rating in a Tuesday, February 8 report.
VTNR traded $0.36 during Friday trading, hitting $9.39. The company’s stock had a trading volume of 3,214,826 shares, compared to its average volume of 4,250,957. The company has a market capitalization of $594.29 million, a P/E ratio of -25, 38 and a beta of 1.60. Vertex Energy has a 12-month low of $1.17 and a 12-month high of $14.32. The stock’s fifty-day moving average price is $6.13 and its 200-day moving average price is $5.51. The company has a quick ratio of 4.69, a current ratio of 4.76 and a debt ratio of 2.13.
A number of large investors have recently changed their positions in VTNR. BlackRock Inc. increased its position in Vertex Energy shares by 18.7% during the 4th quarter. BlackRock Inc. now owns 1,974,860 shares of the industrial products company valued at $8,945,000 after buying an additional 311,800 shares in the last quarter. Wells Fargo & Company MN increased its position in Vertex Energy shares by 62.7% during the 4th quarter. Wells Fargo & Company MN now owns 82,124 shares of the industrial products company valued at $372,000 after purchasing an additional 31,635 shares in the last quarter. Yaupon Capital Management LP bought a new position in shares of Vertex Energy during the 4th quarter at a value of $3,397,000. Goldman Sachs Group Inc. increased its position in Vertex Energy shares by 567.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 512,689 shares of the industrial products company valued at $2,322,000 after buying an additional 435,883 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Vertex Energy during the 4th quarter at a value of $112,000. Hedge funds and other institutional investors own 35.08% of the company’s shares.
About Vertex Energy (Get an evaluation)
Vertex Energy, Inc engages in the recycling of industrial waste streams and off-specification commercial chemicals. The company focuses on recycling used motor oil and other petroleum by-products. It operates through the following segments: Black Oil, Refining & Marketing, and Recovery. The Black Oil segment collects and purchases used engine oil from third-party generators, an established network of local and regional collectors and sells used engine oil to customers for use as raw material or fuel for replacement for industrial burners.
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