Shares of Vertex Energy Inc (NASDAQ:VTNR) traded at a new 52-week high today of $14.82. Approximately 380,000 shares have changed hands today, as compared to an average 30-day volume of 4.4 million shares.
Vertex Energy Inc (NASDAQ:VTNR) defies analysts with a current price ($14.52) 22.3% above its average consensus price target of $11.28.
Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Black Oil, Refining and Marketing, and Recovery. In Black Oil division, it aggregates and sells used motor oil. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations. Through its Refining and Marketing division, the company aggregates used motor oil, petroleum distillates, transmix and other off-specification chemical products. Through its Recovery division, the company generates solutions for the proper recovery and management of hydrocarbon streams. It derives key revenue from the Black Oil segment.
In the past 52 weeks, Vertex Energy Inc share prices are bracketed by a low of $1.42 and a high of $14.82 and is now at $14.52, 923% above that low price.
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