In yesterday’s Wall Street session, Vertex Energy Inc (NASDAQ:VTNR) shares traded at $3.63, up 7.72% from the previous session.
VTNR stock price is now -8.89% away from the 50-day moving average and -38.26% away from the 200-day moving average. The market capitalization of the company currently stands at $339.44M.
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In other news, Stratton Christopher Allen, Director sold 100,000 shares of the company’s stock on Nov 10. The stock was sold for $392,600 at an average price of $3.93. Upon completion of the transaction, the Director now directly owns 88,405 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, Chief Operating Officer Rhame James Gary bought 4,000 shares of the business’s stock. A total of $25,310 was incurred on buying the stock at an average price of $6.33. This leaves the insider owning 14,648 shares of the company worth $53172.24. Insiders disposed of 437,295 shares of company stock worth roughly $1.59 million over the past 1 year. A total of 12.16% of the company’s stock is owned by insiders.
During the past 12 months, Vertex Energy Inc has had a low of $2.90 and a high of $11.20. As of last week, the company has a debt-to-equity ratio of 1.87, a current ratio of 1.11, and a quick ratio of 0.49. The fifty day moving average price for VTNR is $3.9842 and a two-hundred day moving average price translates $5.8791 for the stock.
The latest earnings results from Vertex Energy Inc (NASDAQ: VTNR) was released for Sep, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.14 by 0.03. This compares to $0.05 EPS in the same period last year. The net profit margin was -0.47% and return on equity was -8.28% for VTNR. The company reported revenue of $1.02 billion for the quarter, compared to $809.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.8 percent. For the current quarter, analysts expect VTNR to generate $831.41M in revenue.
Vertex Energy Inc(VTNR) Company Profile
Vertex Energy, Inc., an energy transition company that focuses on the production and distribution of conventional and alternative fuels. It engages in refining and distributing petroleum products comprising the mobile refinery and related operations. The company also 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. Vertex Energy, Inc. was founded in 2001 and is headquartered in Houston, Texas.
