CVR Energy (NYSE:CVI) Upgraded at StockNews.com

StockNews.com upgraded shares of CVR Energy (NYSE:CVI) from a sell rating to a hold rating in a report issued on Friday morning.

Several other research firms have also issued reports on CVI. Scotiabank dropped their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group dropped their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday. UBS Group dropped their target price on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Tudor Pickering upgraded shares of CVR Energy to a “strong sell” rating in a report on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $24.00.

CVR Energy Stock Performance

Shares of CVI stock opened at $18.78 on Friday. The stock has a market capitalization of $1.89 billion, a PE ratio of 27.22 and a beta of 1.57. The business’s 50 day simple moving average is $20.76 and its 200 day simple moving average is $23.88. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. CVR Energy has a one year low of $15.60 and a one year high of $38.07.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) 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 in the prior year, the company posted $1.89 earnings per share. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, research analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On CVR Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC increased its stake in CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy during the third quarter worth about $43,000. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy during the third quarter worth about $46,000. Larson Financial Group LLC increased its position in shares of CVR Energy by 640.9% during the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC increased its position 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 acquiring an additional 1,119 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

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.