Vertex Energy (NASDAQ:VTNR – Get Free Report)‘s stock had its “hold” rating restated by analysts at Stifel Nicolaus in a research note issued on Monday, Benzinga reports. They currently have a $4.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 138.10% from the stock’s previous close.
A number of other brokerages also recently weighed in on VTNR. HC Wainwright lowered their target price on shares of Vertex Energy from $8.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, February 29th. Northland Securities downgraded Vertex Energy from an “outperform” rating to a “market perform” rating and set a $2.00 price target for the company. in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.88.
Read Our Latest Stock Report on Vertex Energy
Vertex Energy Stock Up 8.4 %
Institutional Trading of Vertex Energy
Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new position in shares of Vertex Energy in the 4th quarter worth $38,000. Mackenzie Financial Corp bought a new position in shares of Vertex Energy in the 4th quarter worth $38,000. Numerai GP LLC purchased a new stake in Vertex Energy in the 3rd quarter valued at $78,000. Willis Johnson & Associates Inc. purchased a new stake in Vertex Energy in the 1st quarter valued at $28,000. Finally, RPO LLC purchased a new stake in Vertex Energy in the 4th quarter valued at $75,000. 42.99% of the stock is currently owned by institutional investors.
Vertex Energy Company Profile
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.
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