CVR Energy (CVI) to Release Earnings on Monday

CVR Energy (NYSE:CVI) is set to post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect CVR Energy to post earnings of ($0.13) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.30) by $0.39. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. CVR Energy’s revenue was down 12.0% compared to the same quarter last year. On average, analysts expect CVR Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CVR Energy Price Performance

CVI opened at $23.75 on Friday. CVR Energy has a one year low of $21.05 and a one year high of $38.07. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93. The company’s 50 day simple moving average is $23.89 and its 200-day simple moving average is $26.63. The stock has a market capitalization of $2.39 billion, a P/E ratio of 3.64 and a beta of 1.48.

CVR Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 8.42%. CVR Energy’s dividend payout ratio (DPR) is currently 30.67%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CVI shares. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Scotiabank reduced their price objective on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, UBS Group reduced their price objective on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $24.75.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.