Vertex Energy Inc [NASDAQ: VTNR] jumped around 0.09 points on Thursday, while shares priced at $1.55 at the close of the session, up 6.16%. The company report on January 31, 2024 at 9:09 AM that Vertex Energy Announces Fourth Quarter 2023 Earnings Release and Conference Call Date.
Vertex Energy, Inc. (NASDAQ:VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced that it will report its fourth quarter 2023 financial results before the market opens on Wednesday, February 28, 2024. A conference call will be held that same day at 8:30 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
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An audio webcast of the conference call and accompanying presentation materials (which will be available prior to the start of the conference call) will also be available in the “Events and Presentation” section of Vertex’s website at www.vertexenergy.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download, and install any necessary audio software.
Compared to the average trading volume of 3.34M shares, VTNR reached a trading volume of 4176919 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Vertex Energy Inc [VTNR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VTNR shares is $5.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VTNR stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Vertex Energy Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 24, 2024.
The Average True Range (ATR) for Vertex Energy Inc is set at 0.21, with the Price to Sales ratio for VTNR stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 0.85.
How has VTNR stock performed recently?
Vertex Energy Inc [VTNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.73. With this latest performance, VTNR shares dropped by -36.21% in over the last four-week period, additionally sinking by -69.00% over the last 6 months – not to mention a drop of -78.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VTNR stock in for the last two-week period is set at 29.57, with the RSI for the last a single of trading hit 31.79, and the three-weeks RSI is set at 30.32 for Vertex Energy Inc [VTNR]. The present Moving Average for the last 50 days of trading for this stock 2.7711, while it was recorded at 1.4910 for the last single week of trading, and 4.7978 for the last 200 days.
Vertex Energy Inc [VTNR]: Deeper insight into the fundamentals
Vertex Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.49 and a Current Ratio set at 1.11.
Earnings analysis for Vertex Energy Inc [VTNR]
With the latest financial reports released by the company, Vertex Energy Inc posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 77.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VTNR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vertex Energy Inc go to 20.00%.
Insider trade positions for Vertex Energy Inc [VTNR]
The top three institutional holders of VTNR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in VTNR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in VTNR stock with ownership which is approximately 5.8325%.
