Vertex Energy Inc. (VTNR) can make a big difference with a little luck

Vertex Energy Inc. (NASDAQ: VTNR) stock fell -1.53% on Friday to $5.15 against a previous-day closing price of $5.23. With 3.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.49 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $5.31 whereas the lowest price it dropped to was $5.08. The 52-week range on VTNR shows that it touched its highest point at $11.20 and its lowest point at $3.91 during that stretch. It currently has a 1-year price target of $7.92. Beta for the stock currently stands at 2.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VTNR was up-trending over the past week, with a rise of 5.97%, but this was up by 17.31% over a month. Three-month performance dropped to -13.30% while six-month performance fell -34.23%. The stock lost -34.14% in the past year, while it has lost -16.94% so far this year. A look at the trailing 12-month EPS for VTNR yields -0.20 with Next year EPS estimates of 0.59. For the next quarter, that number is 0.03. This implies an EPS growth rate of 50.30% for this year and 278.80% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.80%.

Float and Shares Shorts:

At present, 93.29 million VTNR shares are outstanding with a float of 81.84 million shares on hand for trading. On Aug 30, 2023, short shares totaled 15.4 million, which was 16.51% higher than short shares on Jul 30, 2023. In addition to Mr. Benjamin P. Cowart as the firm’s Founder, Chairman, CEO & Pres, Mr. Christopher Carlson serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 41.04% of VTNR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.52% of VTNR, in contrast to 31.47% held by mutual funds. Shares owned by individuals account for 17.53%. As the largest shareholder in VTNR with 6.18% of the stake, SSgA Funds Management, Inc. holds 5,760,783 shares worth 5,760,783. A second-largest stockholder of VTNR, BlackRock Fund Advisors, holds 4,151,816 shares, controlling over 4.45% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in VTNR, holding 3,719,644 shares or 3.99% stake. With a 5.35% stake in VTNR, the SPDR S&P Oil & Gas Exploration & is the largest stakeholder. A total of 4,988,708 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.11% of VTNR stock, is the second-largest Mutual Fund holder. It holds 1,969,532 shares valued at 8.35 million. iShares Russell 2000 ETF holds 1.61% of the stake in VTNR, owning 1,499,791 shares worth 6.36 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, VTNR reported revenue of $991.84M and operating income of -$33.13M. The EBITDA in the recently reported quarter was -$29.07M and diluted EPS was -$0.99.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VTNR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VTNR analysts setting a high price target of $10.00 and a low target of $6.00, the average target price over the next 12 months is $7.92. Based on these targets, VTNR could surge 94.17% to reach the target high and rise by 16.5% to reach the target low. Reaching the average price target will result in a growth of 53.79% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VTNR stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 238,040 shares were bought while 25,000 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 559,290 while 541,760 shares were sold.

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