Yesterday it was reported that the CFO & Secretary of Vertex Energy (VTNR – Research Report), Chris Carlson, exercised options to buy 8,013 VTNR shares at $1.53 a share, for a total transaction value of $12.26K.
Following Chris Carlson’s last VTNR Buy transaction on April 24, 2014, the stock climbed by 0.9%. In addition to Chris Carlson, one other VTNR executive reported Buy trades in the last month.
Based on Vertex Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $58.08 million and quarterly net profit of $600.6K. In comparison, last year the company earned revenue of $36.2 million and had a GAAP net loss of $8.18 million. The company has a one-year high of $14.32 and a one-year low of $0.40. VTNR’s market cap is $543 million and the company has a P/E ratio of -17.50.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $22.33, reflecting a -59.9% downside. Starting in March 2021, VTNR received 8 Buy ratings in a row. Three different firms, including Craig-Hallum and Stifel Nicolaus, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $3.48M worth of VTNR shares and purchased $258.6K worth of VTNR shares. The insider sentiment on Vertex Energy has been negative according to 11 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.