In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Vertex Energy (VTNR), with a price target of $4.00. The company’s shares closed last Tuesday at $0.46, close to its 52-week low of $0.40.
According to TipRanks.com, Dayal is a 5-star analyst with an average return of 21.8% and a 48.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Westport Fuel Systems, Ballard Power Systems, and Orion Energy Systems.
Vertex Energy has an analyst consensus of Moderate Buy, with a price target consensus of $2.88.
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The company has a one-year high of $1.95 and a one-year low of $0.40. Currently, Vertex Energy has an average volume of 433K.
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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.
