$VTNR bullish set upNASDAQ:VTNR is coming off decade long support and bottom of falling wedgeLongby BullishBear08440
$VTNR Staying On The Safe SideCutting its long-term debt by almost 50%, Vertex Energy, Inc. (NASDAQ: VTNR) exchanged nearly $80 million in convertible notes due in 2027 for newly issued VTNR stock resulting in a significantly lower interest payment for VTNR. While the resulting dilution caused the stock to drop by as much as 15%, it saved the company millions in interest payments that would have been paid until the notes’ maturity. With the company adding a new revenue stream after receiving EPA’s approval to generate D4 RINs for renewable fuel produced in its refining facility, the future appears to be bright for VTNR stock. VTNR Fundamentals Improving Balance Sheet With a private exchange of approximately $80 million of 6.25% convertible notes due in 2027 for 17 million newly issued shares of VTNR stock, VTNR took a significant step toward strengthening its balance sheet with only $15.2 million of the convertible notes remaining standing. While VTNR may have diluted its shares to get rid of the notes before its maturity date, the exchange successfully saves VTNR millions of dollars since the $80 million convertible notes made up almost 50% of its long-term debt and had an extremely high interest rate of 6.25%. New Revenue Stream Furthermore, VTNR has received approval from the EPA for the generation of D4 RINs credits for each gallon of renewable fuel produced at its refining facility. RIN credits are environmental credits that could be traded in the open market and are the currency for the Renewable Fuel Standard (RFS). That could be another new source of revenue for VTNR, especially since D4 RINS are currently trading at around $1.6 and VTNR is currently producing approximately 5,500 barrels per day (bpd) with plans to increase production to 8,000 bpd by the end of Q2 2023. It is also worth mentioning that VTNR’s revenue in Q1 2023 of $691 million is 56% more than its current market cap of $453 million and its price-to-sales ratio is currently 0.13, which is exactly half the oil and gas refining sector’s average. That means that VTNR stock may be undervalued at the moment. Short Data While short interest has decreased for VTNR stock by almost 14% since March 2023, VTNR stock is still seeing a high short interest rate despite the positive Q1 earnings, and the rapidly improving financials for the renewable fuel leader. VTNR stock is highly shorted with a short interest of 24.9% and 20% of its float on loan. At the same time, utilization remains high at 73%, which may cause VTNR to skyrocket if it reports positive Q2 earnings due to the increased production capacity and the RIN credits approval. VTNR Financials In its Q1 2023 report, VTNR’s assets increased 17% QoQ from $689 million to $806 million, and its cash and cash equivalents decreased 39% QoQ from $141 million to $86 million. VTNR’s total liabilities increased by 11% QoQ from $523 million to $585 million. Revenue also increased 830% YoY from $74 million to $691 million. Operating costs increased almost 260% from $12 million to $43 million which contributed to the operating income increase from $0.038 million in operating loss to $25 million in operating income. As a result, VTNR reported a net income of $53.8 million – representing a YoY increase from a $0.809 million net loss last year. Technical Analysis VTNR stock’s trend is bearish with the stock trading in a downward channel. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 40 and the MACD is approaching a bullish crossover. It is also worth noting that the stock has a gap near $6.74 which may be filled in the future. As for the fundamentals, VTNR stock just witnessed two catalysts in the EPA’s approval for it to generate RIN credits for each gallon of renewable fuel produced and the exchange of approximately $80 million of 6.25% convertible notes. VTNR’s Q2 earnings will be a huge future catalyst for VTNR, especially with the expected increase in production to 8,000 bpd. The current PPS could be a good entry point, especially since VTNR stock is trading near its 52-week low. VTNR Forecast VTNR’s financials are looking to be in a great spot after exchanging $80 million of its convertible notes that were due in 2027. Furthermore, the EPA approval for VTNR to generate RIN credits for fuel produced at its refining facility could be another revenue stream if VTNR decided to sell the credits in the open market. With VTNR stock trading near its 52-week low, it is certainly worth keeping an eye on.by Penny_Stocks_Today3
VTNR SUPPORT RESISTANCES AND BUY ZONESFIB WITH RETRACEMENT and different support resistance levels. Marked the "historic" levels of VTNR. Did highlight the buying pressure in the green boxes and selling pressure in the red boxes azure box is where I see the PT for 16th september due to max pain in relation to the option chain: option chain for 16 SEPT: 7,5 (puts =$741250 Calls=$85250) 10 (puts= $310250 calls= $170250) 12,5 (puts=$107000 calls=$1425000) Therefore I see a strong PT probability between 10 and 12,50by chlorophyll3000112
Cup with handle - VNTRMy PT is $25/26 per share Based on the cup formation the price projection is $7 from where the handle completes, giving us ~25. The Fibonacci projection places us ~26.Longby dzygadlo222
vtnri don't know.. not just a great setup.. not screaming out me to buy it.. but it did pull back to the 10 and 20 ema on lower vol.. maybe it makes the turn with some vol and i can get aboard for a bit.. sell most into strenght and leave some lets see what she can do shares ride. Longby cdarbonne33441
Vertex Energy, IncVertex Energy, Inc. engages in the recycle of industrial waste streams and off-specification commercial chemical products. The firm focuses on the recycle of used motor oil and other petroleum by-products. It operates through the following segments: Black Oil, Refining and Marketing and Recovery. The Black Oil segment collects and purchases used motor oil from third-party generators, established network of local and regional collectors and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners. The Refining and Marketing segment manages the re-refinement of used motor oil and other petroleum by-products and sells the re-refined products to end customers. The Recovery segment includes a generator solutions company for the proper recovery and management of hydrocarbon streams as well as metals. The company was founded by Benjamin P. Cowart in 2001 and is headquartered in Houston, TX.Longby ITManager_US222
VTNR PennantVTNR is forming a Pennant. Ready for a big move to the upside. Stop loss under previous low. Calls opened 5/6/2022 9:40 and 9:46Longby PennantTrading113
VTNR short squeeze ahead$VTNR-Short interest over 30%, overall market looks primed for a multi day rally, and cup and handle breakout. Looks like a promising swing play Longby BullishBear08332
$VTNR Next Target PTs 14-20 and higherVertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates in three segments: Black Oil, Refining and Marketing, and Recovery. The Black Oil segment collects and purchases used motor oil directly from third-party generators; aggregates used motor oil from a network of local and regional collectors; and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners. It also produces and sells a vacuum gas oil product to refineries and marine fuels market; and base oil product to lubricant packagers and distributors. The Refining and Marketing segment gathers hydrocarbon streams in the form of petroleum distillates, transmix, and other chemical products that are purchased from pipeline operators, refineries, chemical processing facilities, and third-party providers; and sells end products, such as gasoline blendstock, pygas, and fuel oil cutter stock to oil companies or to petroleum trading and blending companies. The Recovery segment sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services. Vertex Energy, Inc. was founded in 2001 and is headquartered in Houston, Texas.Longby BADQOMOCAWGOWLD226
$VTNR Target PTs 15-28 and higherVertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste systems in the Gulf Coast and Central Midwest regions of the United States. The company operates in three segments: Black Oil, Refining and Marketing, and Recovery. The Black Oil segment collects and purchases used motor oil directly from third-party generators; aggregates used motor oil from a network of local and regional collectors; and sells used motor oil to customers for use as a feedstock or replacement fuel for industrial burners. It also produces and sells a vacuum gas oil product to refineries and marine fuels market; and base oil product to lubricant packagers and distributors. The Refining and Marketing segment gathers hydrocarbon streams in the form of petroleum distillates, transmix, and other chemical products that are purchased from pipeline operators, refineries, chemical processing facilities, and third-party providers; and sells end products, such as gasoline blendstock, pygas, and fuel oil cutter stock to oil companies or to petroleum trading and blending companies. The Recovery segment sells ferrous and non-ferrous recyclable metal products, and markets Group III base oils and other petroleum-based products, as well as provides transportation and marine salvage services. Vertex Energy, Inc. was founded in 2001 and is headquartered in Houston, Texas.Longby BADQOMOCAWGOWLD117
$VTNRVenator Materials PLC, together with its subsidiaries, manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products. The Performance Additives segment provides barium and zinc additives for use in coatings, films, pharmaceuticals, and paper and glass fiber reinforced plastics; and colored inorganic pigments comprising iron oxides, ultramarines, specialty inorganics chemicals, and driers for construction, coatings, plastics, cosmetics, inks, catalyst, and laminates. This segment also offers wood protection chemicals for use in residential and commercial applications; timber treatment chemicals for use in decking, fencing, and other residential outdoor wood structures; industrial construction products for use in telephone poles, and salt water piers and pilings; and water treatment chemicals for the municipal and industrial waste water treatment markets, as well as for the paper industry. Venator Materials PLC was incorporated in 2017 and is headquartered in Stockton-On-Tees, the United Kingdom.Longby BADQOMOCAWGOWLD114
LongThe stock pushed back strongly from the support zone and went up. The smooth decline earlier suggests a sell-off without strong players and level formation. It is assumed that this range will buy out quickly, because there is a lack of stock at those levels. Ahead targets: 8 and 9.15. Upside: 55% and 65% ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.Longby QuantumLabSignals223
VTNR HARMONICS: Bullish-CypherOkay. Here it is! This is going to be a good one. I would enter slightly above the 0.786 retracement of $3.41. If this pattern fails, then I'd look for a bounce around the $2 level. One thing is for sure, this thing is going up with strength once it hits these levels and I'm going to hold to double or triple up my money. Good luck, trade safely, and let's make that money!Longby Antikythera_Mechanism445
$VTNR Target 12.49 for 28.63% $VTNR Target 12.49 for 28.63% My 7.81 order filled in pre-market… I’ll add at 7.81 again if it goes that way… Nice After-hour moves here. This went right to the 50MA and right above the downward trendline… a break above that could make this bullish again…. Let’s go… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. Longby SPYder_QQQueen_Trading220
$VTNY POWERED UPTHIS ONE HAS ALL THE SIGNS OF BLASTING OFF TOMORROW. LOOK AT THE VOLUME AND OTHER INDICATORS, ALL POINTING UPLongby mattisbaseball0
VTNR HARMONICS: Let's Ride!So, if you missed VTNR's crazy run up. You have another chance to get in for the eventual move up to around 25 dollars. The timeline is still pretty significant but the entry in the zone described is preferable. Please see below for the bigger picture. Good luck, trade safely, and let's make that money in the REAL reversal zones! Longby Antikythera_MechanismUpdated 774
VTNR - Standing Strong 💪-Vertex Energy (NASDAQ:VTNR) stock is on the rise Thursday after the company announced a major acquisition of a refinery belonging to a Royal Dutch Shell (NYSE:RDS.A,RDS.B) subsidiary. -The refinery the company is purchasing from Royal Dutch Shell’s Equilon Enterprises subsidiary is located in Mobile, Ala. Vertex Energy will spend $75 million to acquire the refinery. The deal is set to close in the fourth quarter of 2021. -With this acquisition, the location will become VTNR’s leading refinery. This will allow it to undergo an $85 million conversion by the end of 2022. That conversion is for the refinery’s hydrocracking unit. -According to Vertex Energy, it expects the refinery to generate a minimum of $3 billion in sales per year. In addition to that, it expects an annual gross profit of $400 million starting in 2023. -Vertex Energy says that the refinery will allow it to generate 14,000 bpd of renewable diesel. This would result in it becoming one of the largest independent producers of renewable fuels in the southeastern United States.Longby caldooninvestment151510