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Wednesday, February 1, 2023

Momentum Is Strong For Vertex Energy Inc. (NASDAQ: VTNR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Vertex Energy Inc. (VTNR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.89%, to $6.67. The Vertex Energy Inc. has recorded 14,887 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Vertex Energy Announces Third Quarter 2022 Results.

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Stocks Info

This NASDAQ-listed company operates within the Oil & Gas Refining & Marketing industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $6.73 and fluctuated between $6.80 as its day high and $6.48 as its day low. The current market capitalization of Vertex Energy Inc. is $470.56M. A total of 1.29 million shares were traded on the day, compared to an average of 2.73M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, VTNR has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 204,465 shares. Over the last 12 months, there were 8 BUYs and 12 SELLs from insiders. Insiders purchased 365,750 shares during that period but sold 679,911.

In the most recent transaction, Cowart Benjamin P sold 66,666 shares of VTNR for 8.13 per share on Nov 17. After the transaction, the CEO and President now owns 5,717,274 company shares. In a previous transaction on Nov 01, Cowart Benjamin P sold 66,667 shares at 8.62 per share. VTNR shares that CEO and President owns now total 5,783,940.

Among the insiders who sold shares, Cowart Benjamin P disposed of 71,132 shares on Oct 19 at a per-share price of $8.07. This resulted in the CEO and President holding 262,854 shares of VTNR after the transaction. In another insider transaction, Cowart Benjamin P sold 71,133 shares at $8.08 per share on Sep 13. Company shares held by the CEO and President now total 333,986.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for VTNR in the last 3 months, the mean price target is $12.48 with high estimates of $15.00 and low estimates of $6.90. In terms of 52-week highs and lows, VTNR has a high of $18.10 and a low of $3.30.

As of this writing, VTNR has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.5 per share and a lower estimate of -$0.32. The company reported an EPS of -$0.08 in the last quarter, which was 42.90% higher than expectations of -$0.14.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VTNR is Overweight with a score of 4.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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