In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Vertex Energy (VTNR – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $7.80.
According to TipRanks, Dayal is a top 25 analyst with an average return of 49.3% and a 44.35% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ceco Environmental, Orion Energy Systems, and Renesola.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vertex Energy with a $20.00 average price target.
VTNR market cap is currently $502.8M and has a P/E ratio of (16.72).
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTNR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vertex Energy, Inc. engages in the recycle of industrial waste streams and off-specification commercial chemical products. It focuses on recycling used motor oil and other petroleum by-product streams. The company operates through the following business divisions: Black Oil, Refining & Marketing and Recovery. The Black Oil division engaged in operations across the entire used motor oil recycling value chain, including collection, aggregation, transportation, storage, refinement, and sales of aggregated feedstock and re-refined products to end users. The Refining & Marketing division engaged in the aggregation of feedstock, re-refining it into value end products, and selling these products to customers, as well as related transportation and storage activities. The Recovery division engages in the recovery and management of hydrocarbon streams. This division also provides industrial dismantling, demolition, decommissioning, investment recovery and marine salvage services in industrial facilities. The company was founded by Benjamin P. Cowart on May 14, 2008 and is headquartered in Houston, TX.
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