CVR Energy (NYSE:CVI) Price Target Raised to $25.00

CVR Energy (NYSE:CVI - Free Report) had its target price upped by Scotiabank from $21.00 to $25.00 in a research report released on Friday,Benzinga reports. Scotiabank currently has a sector underperform rating on the oil and gas company's stock.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut CVR Energy from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. The Goldman Sachs Group cut their price target on shares of CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a report on Thursday, March 27th. Finally, Mizuho boosted their price objective 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. Six research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, CVR Energy currently has a consensus rating of "Reduce" and an average price target of $23.80.

CVR Energy Trading Down 3.8%

Shares of CVR Energy stock traded down $1.22 during trading hours on Friday, reaching $31.01. 869,220 shares of the company's stock were exchanged, compared to its average volume of 1,238,608. CVR Energy has a 52-week low of $15.10 and a 52-week high of $32.67. The company has a fifty day moving average of $25.42 and a 200-day moving average of $21.28. The company has a current ratio of 1.32, a quick ratio of 0.85 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -15.74 and a beta of 1.16.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating analysts' consensus estimates of ($0.90) by $0.32. CVR Energy had a negative net margin of 2.68% and a negative return on equity of 12.66%. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $0.04 EPS. The company's quarterly revenue was down 11.6% compared to the same quarter last year. Sell-side analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn purchased 98,875 shares of CVR Energy stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $17.84 per share, with a total value of $1,763,930.00. Following the completion of the transaction, the insider owned 70,339,251 shares of the company's stock, valued at approximately $1,254,852,237.84. This trade represents a 0.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 248,215 shares of company stock worth $4,468,695. Corporate insiders own 0.01% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CVI. Matrix Trust Co acquired a new position in CVR Energy in the second quarter worth $26,000. Contravisory Investment Management Inc. bought a new position in CVR Energy in the second quarter worth about $272,000. Wealth Enhancement Advisory Services LLC bought a new position in CVR Energy in the second quarter worth about $248,000. Amanah Holdings Trust acquired a new position in CVR Energy in the second quarter valued at approximately $17,996,000. Finally, Strs Ohio bought a new position in shares of CVR Energy during the first quarter valued at approximately $532,000. Institutional investors 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.