FY2025 Earnings Forecast for CVR Energy Issued By Scotiabank

CVR Energy, Inc. (NYSE:CVI) – Research analysts at Scotiabank raised their FY2025 EPS estimates for CVR Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings of $0.60 per share for the year, up from their prior forecast of ($0.10). The consensus estimate for CVR Energy’s current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for CVR Energy’s FY2026 earnings at $1.80 EPS.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. StockNews.com raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Mizuho boosted their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Stock Down 4.1 %

Shares of NYSE:CVI opened at $20.32 on Monday. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 338.76 and a beta of 1.55. The stock’s 50-day moving average price is $19.61 and its two-hundred day moving average price is $20.23. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%.

Institutional Investors Weigh In On CVR Energy

A number of large investors have recently modified their holdings of CVI. R Squared Ltd purchased a new position in CVR Energy in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its position in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of CVR Energy in the third quarter valued at $43,000. Larson Financial Group LLC grew its holdings in CVR Energy by 640.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 2,698 shares in the last quarter. Finally, FMR LLC increased its stake in CVR Energy by 103.4% during the 3rd quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after buying an additional 2,049 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 1,492,540 shares of company stock worth $27,049,928 over the last ninety days. 0.01% of the stock is owned by company insiders.

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.