How did Vertex Energy Inc. (VTNR) surprise investors with its report?

Vertex Energy Inc. [VTNR] stock prices are up 7.50% to $8.60 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VTNR shares have gain 3.24% over the last week, with a monthly amount glided 10.68%, and seem to be holding up well over a long-time horizon.

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On 8, November 2022, Vertex Energy Announces Third Quarter 2022 Results. In a post published today on Yahoo Finance, Vertex Energy, Inc. (NASDAQ:VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the third quarter ended September 30, 2022.

From an analyst’s perspective:

Vertex Energy Inc. [NASDAQ: VTNR] stock has seen the most recent analyst activity on August 10, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, Oppenheimer started tracking the stock with Outperform rating on July 08, 2022, and set its price target to $18. On December 01, 2021, Credit Suisse initiated with a Outperform rating and assigned a price target of $13 on the stock. Stifel downgraded its rating to a Hold but stick to its price target of $1.50 on February 10, 2021. H.C. Wainwright initiated its recommendation with a Buy. ROTH Capital started tracking with a Neutral rating for this stock on October 05, 2016, and assigned it a price target of $1.40. In a note dated July 22, 2015, Imperial Capital downgraded an In-line rating on this stock and revised its target price from $3 to $2.30.

The stock price of Vertex Energy Inc. [VTNR] has been fluctuating between $3.30 and $18.10 over the past year. Currently, Wall Street analysts expect the stock to reach $15.33 within the next 12 months. Vertex Energy Inc. [NASDAQ: VTNR] shares were valued at $8.60 at the most recent close of the market. An investor can expect a potential return of 78.26% based on the average VTNR price forecast.

Analyzing the VTNR fundamentals

The most recent quarter, Vertex Energy Inc. [NASDAQ:VTNR] reported sales of 810.21 billion, representing a surge of 1489.20%. Gross Margin for this corporation currently stands at +5.81% with Operating Margin at -9.51%, Pretax Margin comes in at -26.26%, and Net Margin reading is -28.16%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.21 points at the first support level, and at 7.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.81, and for the 2nd resistance point, it is at 9.03.

Vertex Energy Inc. [VTNR] reported earnings per share of -$0.98 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.24/share, meaning a difference of -$2.22 and a surprise factor of -179.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.08 per share as compared to estimates of -$0.14 per share, a difference of $0.06 representing a surprise of 42.90%.

Ratios To Look Out For

It’s worth pointing out that Vertex Energy Inc. [NASDAQ:VTNR]’s Current Ratio is 1.40. Also, the Quick Ratio is 4.69, while the Cash Ratio stands at 2.78. Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 10.21.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 3 insider sellings of 208,932 shares. Recent insider trading involved Cowart Benjamin P, CEO and President, that happened on Nov 17 when 66666.0 shares were sold. CEO and President, Cowart Benjamin P completed a deal on Nov 01 to sell 66667.0 shares. Meanwhile, CEO and President Cowart Benjamin P sold 71132.0 shares on Oct 19.