CVR Energy Inc. (NYSE:CVI) Receives Average Rating of "Strong Sell" from Analysts

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 assigned an average recommendation of "Strong Sell" from the six ratings firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $23.25.

A number of equities research analysts have issued reports on CVI shares. Scotiabank increased their target price on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a report on Friday, July 11th. Zacks Research upgraded shares of CVR Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. Mizuho restated an "underperform" rating and issued a $29.00 price objective (up from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Finally, Raymond James Financial lowered shares of CVR Energy from a "market perform" rating to an "underperform" rating in a report on Tuesday, July 15th.

CVR Energy Trading Up 3.4%

Shares of CVI stock traded up $1.16 during trading hours on Friday, hitting $35.42. The company had a trading volume of 2,745,829 shares, compared to its average volume of 2,313,078. The company's fifty day moving average is $29.11 and its 200 day moving average is $24.79. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $35.65. The stock has a market capitalization of $3.56 billion, a PE ratio of -10.67 and a beta of 1.32.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) EPS 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 during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. Research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CVI. Matrix Trust Co purchased a new position in CVR Energy during the 2nd quarter worth $26,000. Harbor Capital Advisors Inc. grew its position in CVR Energy by 65.5% during 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 last quarter. Caitong International Asset Management Co. Ltd grew its position in CVR Energy by 1,030.2% during 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 purchasing an additional 1,772 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CVR Energy during the 2nd quarter worth $53,000. Finally, GAMMA Investing LLC grew its position 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 worth $42,000 after purchasing an additional 1,114 shares during the last quarter. 98.88% of the stock is owned by hedge funds and other 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.