Vertex Energy Inc (VTNR) was Initiated by ROTH Capital to “Neutral” and the brokerage firm has set the Price Target at $1.40. ROTH Capital advised their investors in a research report released on Oct 5, 2016.
Vertex Energy Inc opened for trading at $1.12 and hit $1.1399 on the upside on Tuesday, eventually ending the session at $1.1399, with a gain of 2.69% or 0.0299 points. The heightened volatility saw the trading volume jump to 4,862 shares. Company has a market cap of $35 M.
Vertex Energy Inc. (Vertex) is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. The Company is engaged in operations across the entire petroleum recycling value chain including collection aggregation transportation storage re-refinement and sales of aggregated feedstock and re-refined products to end users. Vertex operates in three divisions: Black Oil which collects and purchases used motor oil directly from third-party generators aggregates used motor oil from an established network of local and regional collectors and sells used motor oil to its customers for use as a feedstock or replacement fuel for industrial burners; Refining and Marketing which aggregates and manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers and Recovery which offers generator solutions for the proper recovery and management of hydrocarbon streams.