CVR Energy, Inc. (NYSE:CVI) Receives Consensus Recommendation of "Strong Sell" from Analysts

CVR Energy, Inc. (NYSE:CVI - Get Free Report) has been given a consensus rating of "Strong Sell" by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $23.00.

Several equities research analysts have recently commented on CVI shares. Wall Street Zen cut shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research note on Monday, May 5th. The Goldman Sachs Group lowered their target price on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a report on Thursday, March 27th. Finally, Mizuho increased their price target on CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th.

Insider Buying and Selling

In other CVR Energy news, major shareholder Carl C. Icahn bought 7,907 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average cost of $18.21 per share, for a total transaction of $143,986.47. Following the completion of the purchase, the insider now directly owns 70,418,471 shares of the company's stock, valued at approximately $1,282,320,356.91. This trade represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have acquired 1,027,509 shares of company stock valued at $17,620,403. 0.01% of the stock is owned by company insiders.

Institutional Trading of CVR Energy

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in CVR Energy by 214.3% in the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company's stock valued at $1,797,000 after acquiring an additional 53,203 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in CVR Energy by 22.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 783,079 shares of the oil and gas company's stock valued at $14,675,000 after purchasing an additional 143,941 shares during the period. D.A. Davidson & CO. acquired a new stake in CVR Energy in the fourth quarter valued at $736,000. Vanguard Group Inc. raised its position in CVR Energy by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 4,135,315 shares of the oil and gas company's stock worth $77,496,000 after purchasing an additional 154,125 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in CVR Energy by 13.4% during the 4th quarter. American Century Companies Inc. now owns 693,234 shares of the oil and gas company's stock worth $12,991,000 after buying an additional 81,647 shares during the period. Institutional investors and hedge funds own 98.88% of the company's stock.

CVR Energy Price Performance

NYSE:CVI traded up $1.08 during trading hours on Wednesday, reaching $25.80. The company had a trading volume of 997,017 shares, compared to its average volume of 1,232,983. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The stock has a 50-day moving average of $20.66 and a two-hundred day moving average of $19.76. CVR Energy has a one year low of $15.10 and a one year high of $29.84. The firm has a market capitalization of $2.59 billion, a PE ratio of 430.14 and a beta of 1.13.

CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, topping analysts' consensus estimates of ($0.90) by $0.32. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. CVR Energy's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. Analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

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.