Vertex Energy traded at $1.18 this Tuesday April 9th, decreasing $0.09 or 7.09 percent since the previous trading session. Looking back, over the last four weeks, Vertex Energy lost 4.07 percent. Over the last 12 months, its price fell by 86.77 percent. Looking ahead, we forecast Vertex Energy to be priced at 1.14 by the end of this quarter and at 1.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Vertex Energy, Inc. is an environmental services company. The Company recycles industrial waste streams and commercial chemical products. The Company is focused on recycling used motor oil and other petroleum by-products. The Company operates through three segments: Black Oil, Refining and Marketing, and Recovery segments. The Black Oil segment consists of the sale of petroleum products, including base oil and industrial fuels which consist of used motor oils, cutterstock and fuel oil generated by its facilities. The Refining and Marketing segment consists of the sale of pygas such as industrial fuels, which are produced at a third-party facility and distillates. The Recovery segment consists of the sale of ferrous and non-ferrous recyclable metals products that are recovered from manufacturing and consumption. It also includes trading/marketing of group III base oils.