Zacks Investment Research Downgrades Vertex Energy (VTNR) to Sell

Vertex Energy (NASDAQ:VTNR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “Vertex Energy, Inc. operates as an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex operates in three divisions: Black Oil Division, Refining and Marketing Division and Thermal Chemical Extraction Process. The Company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as end products. It sells its aggregated petroleum streams as feedstock to other re-refineries and fuel blenders or as replacement fuel for use in industrial burners. Vertex Energy, Inc. is based in Houston, Texas. “

Separately, ValuEngine upgraded Vertex Energy from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.

Vertex Energy (NASDAQ VTNR) opened at $0.95 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $31.03, a price-to-earnings ratio of -1.86 and a beta of 0.94. Vertex Energy has a twelve month low of $0.65 and a twelve month high of $1.55.

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About Vertex Energy

Vertex Energy, Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company focuses on recycling used motor oil and other petroleum by-products. The Company’s segments include the Black Oil, Refining and Marketing, and Recovery divisions.

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