CVR Energy (NYSE:CVI) Stock Price Up 5.8% - What's Next?

Key Points

• CVR Energy's stock price rose 5.8% to $32.61 despite a significant decline in trading volume, dropping 79% from the average session volume.
• Analysts have mixed views on CVR Energy, with a consensus rating of "Strong Sell" and a target price of $22.25, while some ratings have recently been adjusted.
• The company reported a loss of ($0.23) EPS, missing estimates, but its revenue was $1.76 billion, slightly above consensus expectations.

CVR Energy Inc. (NYSE:CVI - Get Free Report)'s share price traded up 5.8% during trading on Tuesday . The stock traded as high as $32.54 and last traded at $32.61. 247,796 shares changed hands during trading, a decline of 79% from the average session volume of 1,181,114 shares. The stock had previously closed at $30.83.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James Financial lowered CVR Energy from a "market perform" rating to an "underperform" rating in a research report on Tuesday, July 15th. Scotiabank upped their price target on CVR Energy from $21.00 to $25.00 and gave the stock a "sector underperform" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, CVR Energy currently has a consensus rating of "Strong Sell" and a consensus target price of $22.25.

CVR Energy Trading Down 2.0%

The stock has a market capitalization of $3.14 billion, a PE ratio of -9.39 and a beta of 1.32. The firm has a 50 day moving average price of $28.86 and a 200 day moving average price of $24.12. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The business's revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. Equities analysts expect that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Institutional Trading of CVR Energy

A number of large investors have recently bought and sold shares of CVI. Matrix Trust Co purchased a new stake in CVR Energy in the second quarter worth $26,000. Harbor Capital Advisors Inc. boosted 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 worth $32,000 after acquiring an additional 646 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of CVR Energy by 1,030.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 1,772 shares during the period. GAMMA Investing LLC boosted 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 worth $42,000 after acquiring an additional 1,114 shares during the period. Finally, CWM LLC boosted its holdings in shares of CVR Energy by 304.2% in the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company's stock worth $52,000 after acquiring an additional 2,014 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

About CVR Energy

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.