CVR Energy (NYSE:CVI - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Several other research analysts have also weighed in on CVI. Zacks Research upgraded shares of CVR Energy from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. Scotiabank upped their price objective 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. 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. Mizuho reiterated an "underperform" rating and issued a $29.00 price objective (up previously from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Finally, UBS Group set a $37.00 price objective on shares of CVR Energy in a research note on Sunday, September 28th. One equities research analyst has rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Strong Sell" and an average target price of $26.75.
Read Our Latest Analysis on CVR Energy
CVR Energy Trading Up 1.2%
Shares of CVI stock traded up $0.42 during trading hours on Wednesday, reaching $36.86. 1,194,328 shares of the stock traded hands, compared to its average volume of 2,168,675. CVR Energy has a 1-year low of $15.10 and a 1-year high of $38.30. The business has a fifty day moving average price of $30.99 and a 200 day moving average price of $26.09. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of $3.71 billion, a PE ratio of -11.10 and a beta of 1.25.
CVR Energy (NYSE:CVI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.15). CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm's revenue was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that CVR Energy will post -0.12 EPS for the current year.
Institutional Trading of CVR Energy
Several large investors have recently added to or reduced their stakes in CVI. Vanguard Group Inc. boosted its holdings in shares of CVR Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company's stock worth $80,704,000 after buying an additional 24,677 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CVR Energy by 14.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company's stock worth $17,347,000 after buying an additional 111,114 shares during the period. American Century Companies Inc. boosted its holdings in shares of CVR Energy by 5.5% during the 2nd quarter. American Century Companies Inc. now owns 825,202 shares of the oil and gas company's stock worth $22,157,000 after buying an additional 43,190 shares during the period. Amanah Holdings Trust bought a new stake in shares of CVR Energy during the 2nd quarter worth $17,996,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of CVR Energy by 26.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 587,300 shares of the oil and gas company's stock worth $11,394,000 after buying an additional 123,510 shares during the period. 98.88% of the stock is owned by institutional investors.
CVR Energy Company Profile
(
Get Free Report)
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.
Further Reading

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