CVR Energy, Inc. (NYSE:CVI) Receives $24.75 Average Price Target from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have earned a consensus rating of “Strong Sell” from the six analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $24.75.

A number of equities analysts have recently commented on CVI shares. StockNews.com cut CVR Energy from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group lowered their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Wednesday, October 2nd.

CVR Energy Price Performance

Shares of NYSE:CVI opened at $15.97 on Tuesday. The firm has a 50 day moving average of $23.23 and a 200-day moving average of $26.11. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.61 billion, a PE ratio of 23.14 and a beta of 1.52.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business earned $1.89 earnings per share. The business’s revenue was down 27.3% compared to the same quarter last year. On average, equities research analysts predict that CVR Energy will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC boosted its position in CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,321 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of CVR Energy during the third quarter valued at $46,000. Covestor Ltd raised its stake in shares of CVR Energy by 45,560.0% during the first quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 2,278 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of CVR Energy by 47.3% during the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 1,119 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of CVR Energy in the second quarter worth $202,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

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.