Analysts Set CVR Energy Inc. (NYSE:CVI) PT at $22.25

Key Points

• CVR Energy Inc. has received an average analyst rating of "Strong Sell", with six analysts recommending a sell and one a hold on the stock.
• The company's recent quarterly earnings report showed an EPS loss of ($0.23), missing estimates by ($0.15) and reflecting a 10.5% year-over-year revenue decline.
• CVR Energy's market capitalization stands at $2.74 billion, with its shares trading between a 52-week low of $15.10 and a high of $32.67.

CVR Energy Inc. (NYSE:CVI - Get Free Report) has been assigned a consensus recommendation of "Strong Sell" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.25.

CVI has been the subject of a number of analyst reports. Mizuho lifted their target price 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 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 research note on Friday, July 11th.

CVR Energy Trading Up 0.4%

NYSE CVI traded up $0.11 during mid-day trading on Monday, reaching $29.69. 2,286,006 shares of the stock were exchanged, compared to its average volume of 1,152,444. CVR Energy has a one year low of $15.10 and a one year high of $32.67. The stock has a 50 day simple moving average of $28.01 and a 200-day simple moving average of $23.12. The stock has a market cap of $2.98 billion, a P/E ratio of -8.94 and a beta of 1.20. 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 (NYSE:CVI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates 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 firm 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 EPS. CVR Energy's quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CVI. Matrix Trust Co bought a new position in CVR Energy during the second quarter worth $26,000. Harbor Capital Advisors Inc. increased its stake 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 valued at $32,000 after purchasing an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $38,000 after purchasing 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 increased its stake in 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 purchasing an additional 2,014 shares in the last quarter. 98.88% of the stock is owned by 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.