CVR Energy (NYSE:CVI) Price Target Raised to $20.00 at Mizuho

CVR Energy (NYSE:CVI) had its target price increased by analysts at Mizuho from $18.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective indicates a potential upside of 8.14% from the company’s current price.

A number of other equities analysts have also commented on the stock. Scotiabank cut 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 report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Finally, Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.00.

CVR Energy Stock Performance

Shares of NYSE:CVI opened at $18.50 on Monday. The business’s 50-day simple moving average is $20.06 and its 200 day simple moving average is $23.39. The company has a market cap of $1.86 billion, a P/E ratio of 26.80 and a beta of 1.57. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. On average, sell-side analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its stake in CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock worth $47,789,000 after acquiring an additional 317,475 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of CVR Energy by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company’s stock valued at $55,476,000 after purchasing an additional 44,636 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CVR Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock worth $26,109,000 after purchasing an additional 3,134 shares during the period. SIR Capital Management L.P. bought a new stake in shares of CVR Energy in the 2nd quarter worth approximately $17,907,000. Finally, Charles Schwab Investment Management Inc. boosted its position in CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock valued at $14,719,000 after purchasing an additional 81,590 shares during the period. 98.88% of the stock is currently owned by institutional investors.

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.