Northland lowered the firm’s price target on Vertex Energy to $9.50 from $15 and keeps an Outperform rating on the shares. Vertex delivered a Q2 miss, gave inline Q3 guidance and offered qualitative guidance on the RD side that the firm thinks was lower than consensus, the analyst tells investors. On the RD side, “much color was provided that we think will lower 2023 consensus expectations,” the analyst added.
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Read More on VTNR:
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- Vertex Energy reports Q2 EPS ($1.03) with items, consensus (28c)
- VTNR Earnings this Week: How Will it Perform?
- Vertex Energy cut to Perform at Oppenheimer on lower spread capture, higher opex
- Vertex Energy downgraded to Perform from Outperform at Oppenheimer
