Roth Capital Starts Vertex Energy (VTNR) at Neutral

October 5, 2016 6:56 AM EDT
Get Alerts VTNR Hot Sheet
Price: $1.35 --0%

Rating Summary:
    3 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Roth Capital initiates coverage on Vertex Energy (NASDAQ: VTNR) with a Neutral rating.

Analyst Gerry Sweeney commented, "We initiate Vertex with a Neutral rating. Volatile oil markets have made managing spreads in the used oil collections and re-refining market extremely challenging leading to capital raises and asset sales. However, we believe a turnaround is emerging driven by: 1) stability in commodity oil markets; 2) improved asset utilization; 3) broadening end markets; and, 4) price discipline in the collections market. We look for one to two quarters of performance before becoming more positive."

For an analyst ratings summary and ratings history on Vertex Energy click here. For more ratings news on Vertex Energy click here.

Shares of Vertex Energy closed at $1.14 yesterday.

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