Shares of CVR Energy Inc. (NYSE:CVI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.78 and traded as high as $30.06. CVR Energy shares last traded at $29.36, with a volume of 458,339 shares.
Analyst Upgrades and Downgrades
CVI has been the subject of several research analyst reports. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Mizuho upped their price target on shares of CVR Energy from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. The Goldman Sachs Group decreased their price objective 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, Scotiabank reaffirmed an "underperform" rating on shares of CVR Energy in a research report on Monday, May 5th. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $23.00.
Check Out Our Latest Research Report on CVR Energy
CVR Energy Stock Performance
The company has a quick ratio of 0.85, a current ratio of 1.32 and a debt-to-equity ratio of 2.47. The stock has a 50 day simple moving average of $24.22 and a 200 day simple moving average of $20.78. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -14.90 and a beta of 1.16.
CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The oil and gas company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.90) by $0.32. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. CVR Energy had a negative return on equity of 12.66% and a negative net margin of 2.68%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. As a group, analysts anticipate that CVR Energy Inc. will post -0.12 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder Carl C. Icahn bought 7,907 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was purchased at an average price of $18.21 per share, for a total transaction of $143,986.47. Following the transaction, the insider owned 70,418,471 shares in the company, valued at approximately $1,282,320,356.91. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have bought 966,324 shares of company stock valued at $16,511,721. Company insiders own 0.01% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in CVR Energy in the first quarter worth about $532,000. Bayforest Capital Ltd bought a new stake in shares of CVR Energy during the 1st quarter worth about $1,046,000. Aristeia Capital L.L.C. acquired a new stake in shares of CVR Energy in the 1st quarter worth approximately $246,000. Goldman Sachs Group Inc. boosted its holdings in shares of CVR Energy by 14.8% in the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company's stock valued at $9,635,000 after acquiring an additional 63,909 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of CVR Energy in the first quarter valued at approximately $378,000. 98.88% of the stock is owned by institutional investors and hedge funds.
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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