What Are The Chances Of Vertex Energy Inc (NASDAQ: VTNR) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Vertex Energy Announces Fourth Quarter 2023 Earnings Release and Conference Call Date.

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Stocks Info

As a NASDAQ listed company, VTNR falls under the Energy sector while operating within the Oil & Gas Refining & Marketing industry segment. The current market capitalization of Vertex Energy Inc is $157.10M. A total of 1.27 million shares were traded on the day, compared to an average of 3.25M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, VTNR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 10 SELLs from insiders. Insiders purchased 559,290 shares during that period but sold 437,295.

In the most recent transaction, Stratton Christopher Allen sold 100,000 shares of VTNR for 3.93 per share on Nov 10. After the transaction, the Director now owns 88,405 company shares. In a previous transaction on May 12, Rhame James Gary bought 4,000 shares at 6.33 per share. VTNR shares that Chief Operating Officer owns now total 14,648.

Among the insiders who sold shares, Cowart Benjamin P disposed of 66,666 shares on Apr 19 at a per-share price of $8.00. This resulted in the CEO and President holding 5,450,608 shares of VTNR after the transaction. In another insider transaction, Cowart Benjamin P sold 66,667 shares at $8.29 per share on Apr 11. Company shares held by the CEO and President now total 5,517,274.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VTNR in the last 3 months, the mean price target is $4.63 with high estimates of $8.00 and low estimates of $1.75. In terms of 52-week highs and lows, VTNR has a high of $11.20 and a low of $1.32.

As of this writing, VTNR has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.06 per share and a lower estimate of -$0.24. The company reported an EPS of -$1.03 in the last quarter, which was -267.90% lower than expectations of -$0.28.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VTNR’s latest balance sheet shows that the firm has $36.13M in Cash & Short Term Investments as of fiscal 2021. There were $100.25M in debt and $25.78M in liabilities at the time. Its Book Value Per Share was $2.77, while its Total Shareholder’s Equity was $73.51M.

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, 0 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 Buy with a score of 3.33.

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