Analysts Set CVR Energy Inc. (NYSE:CVI) PT at $23.25

Key Points

• CVR Energy Inc. has received a consensus rating of "Strong Sell" from six analysts, with five recommending to sell the stock and one suggesting a hold.
• The company's stock price target among analysts averages $23.25, with recent adjustments ranging from $21.00 to $29.00.
• CVR Energy reported a loss of $0.23 EPS for the last quarter, missing expectations, and has witnessed a 10.5% decline in quarterly revenue compared to the previous year.

Shares of CVR Energy Inc. (NYSE:CVI - Get Free Report) have been given an average rating of "Strong Sell" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $23.25.

Several research analysts have recently commented on the company. Zacks Research raised CVR Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. Mizuho restated an "underperform" rating and set a $29.00 price objective (up from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Raymond James Financial cut shares of CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th. Finally, Scotiabank raised their target price on shares of CVR Energy from $21.00 to $25.00 and gave the company a "sector underperform" rating in a research report on Friday, July 11th.

CVR Energy Stock Performance

Shares of CVR Energy stock traded up $0.33 on Friday, reaching $34.20. 3,690,000 shares of the company were exchanged, compared to its average volume of 2,316,963. CVR Energy has a 1-year low of $15.10 and a 1-year high of $34.32. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -10.30 and a beta of 1.32. The company's 50-day moving average is $29.03 and its two-hundred day moving average is $24.63. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.75 and a current ratio of 1.17.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%.The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. As a group, research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of CVR Energy

Several hedge funds and other institutional investors have recently modified their holdings of CVI. Matrix Trust Co bought a new stake in CVR Energy during the 2nd quarter worth approximately $26,000. Harbor Capital Advisors Inc. lifted its position in shares of CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 646 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of CVR Energy by 1,030.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 1,772 shares in the last quarter. GAMMA Investing LLC increased its stake in CVR Energy by 106.6% during the 1st quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock valued at $42,000 after purchasing an additional 1,114 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of CVR Energy by 304.2% during the 1st quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock valued at $52,000 after acquiring an additional 2,014 shares during the last quarter. Institutional investors own 98.88% of the company's stock.

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.