CVR Energy (NYSE:CVI) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• CVR Energy's share price has recently surpassed its 200-day moving average of $22.46, trading at $25.89 with a high of $26.09 during the session.
• Several analysts have recently adjusted their ratings, with Mizuho raising the target price to $25.00 while Wall Street Zen downgraded the stock to a sell rating.
• The company reported a quarterly loss of ($0.23) EPS, missing analysts' expectations, with a revenue decline of 10.5% year-over-year to $1.76 billion.

CVR Energy Inc. (NYSE:CVI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.46 and traded as high as $26.09. CVR Energy shares last traded at $25.89, with a volume of 1,605,359 shares.

Wall Street Analyst Weigh In

CVI has been the subject of a number of research analyst reports. Mizuho upped their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Raymond James Financial downgraded CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. Scotiabank upped their target price on CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a research report on Friday, July 11th. Finally, Wall Street Zen downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Seven research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $23.80.

CVR Energy Price Performance

The business has a 50-day moving average price of $27.49 and a 200 day moving average price of $22.46. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -7.80 and a beta of 1.20. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) 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 company 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 posted $0.09 EPS. CVR Energy's revenue was down 10.5% on a year-over-year basis. As a group, research analysts expect that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently modified their holdings of CVI. GAMMA Investing LLC lifted its holdings in shares of CVR Energy by 106.6% in the first 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. Harbor Capital Advisors Inc. lifted its holdings in shares of CVR Energy by 65.5% in the first 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. Millennium Management LLC lifted its holdings in shares of CVR Energy by 1,203.0% in the fourth quarter. Millennium Management LLC now owns 286,100 shares of the oil and gas company's stock valued at $5,362,000 after purchasing an additional 264,143 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of CVR Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 400,624 shares of the oil and gas company's stock valued at $7,508,000 after purchasing an additional 35,130 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of CVR Energy by 56.2% in the fourth quarter. Two Sigma Investments LP now owns 750,195 shares of the oil and gas company's stock valued at $14,059,000 after purchasing an additional 269,763 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company's stock.

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.

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