CVR Energy Inc. (NYSE:CVI) Given Average Recommendation of "Strong Sell" by Brokerages

Shares of CVR Energy Inc. (NYSE:CVI - Get Free Report) have been assigned an average rating of "Strong Sell" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.80.

Several brokerages have recently commented on CVI. Mizuho increased their price target on shares of CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Raymond James Financial lowered shares of CVR Energy from a "market perform" rating to an "underperform" rating in a research note 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 note on Friday, July 11th.

Institutional Trading of CVR Energy

A number of hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new stake in CVR Energy in the 2nd quarter valued at $2,179,000. AlphaQuest LLC boosted its holdings in CVR Energy by 600.3% in the 2nd quarter. AlphaQuest LLC now owns 5,287 shares of the oil and gas company's stock valued at $142,000 after purchasing an additional 4,532 shares during the period. Allianz Asset Management GmbH boosted its holdings in CVR Energy by 16.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 270,594 shares of the oil and gas company's stock valued at $7,265,000 after purchasing an additional 38,890 shares during the period. CWM LLC boosted its holdings in CVR Energy by 208.2% in the 2nd quarter. CWM LLC now owns 8,248 shares of the oil and gas company's stock valued at $221,000 after purchasing an additional 5,572 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in CVR Energy in the 2nd quarter valued at $268,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Stock Down 6.4%

CVI stock traded down $1.71 during midday trading on Thursday, reaching $25.07. The company had a trading volume of 1,741,863 shares, compared to its average volume of 998,199. The company has a 50 day moving average of $27.18 and a two-hundred day moving average of $22.25. CVR Energy has a 1 year low of $15.10 and a 1 year high of $32.67. The company has a market capitalization of $2.52 billion, a P/E ratio of -7.55 and a beta of 1.20. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 2.47.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results 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 17.18% and a negative net margin of 4.63%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $0.09 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

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.