FY2026 Earnings Estimate for CVR Energy Issued By Scotiabank

Key Points

• Scotiabank raised its FY2026 EPS estimate for CVR Energy to $0.10 from ($0.40) and sees FY2027 EPS of $0.35, but retained a "Sector Underperform" rating with a $28 price target.
• Market sentiment is broadly negative—two analysts rate the stock Hold and four rate it Sell, leaving an average MarketBeat rating of "Strong Sell" and an average price target of $31.75.
• Major shareholder Carl C. Icahn purchased 275,012 shares at about $21.41 on Feb. 24, raising his stake to roughly 71.2 million shares, while institutional ownership sits at about 98.88%.

CVR Energy Inc. (NYSE:CVI - Free Report) - Research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of CVR Energy in a note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now expects that the oil and gas company will earn $0.10 per share for the year, up from their previous estimate of ($0.40). Scotiabank currently has a "Sector Underperform" rating and a $28.00 price objective on the stock. The consensus estimate for CVR Energy's current full-year earnings is $0.99 per share. Scotiabank also issued estimates for CVR Energy's FY2027 earnings at $0.35 EPS.

CVI has been the subject of several other reports. Mizuho upped their target price on CVR Energy from $28.00 to $32.00 and gave the stock an "underperform" rating in a report on Tuesday, March 17th. Raymond James Financial upgraded CVR Energy from an "underperform" rating to a "market perform" rating in a report on Wednesday, March 25th. Wall Street Zen downgraded CVR Energy from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Weiss Ratings downgraded CVR Energy from a "hold (c)" rating to a "sell (d)" rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group started coverage on CVR Energy in a report on Friday, April 10th. They issued a "sell" rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Strong Sell" and an average price target of $31.75.

CVR Energy Price Performance

Shares of CVI stock opened at $32.38 on Tuesday. CVR Energy has a twelve month low of $17.95 and a twelve month high of $41.67. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 124.53 and a beta of 0.94. The stock has a fifty day simple moving average of $29.16 and a two-hundred day simple moving average of $29.72. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 1.95.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Wednesday, February 18th. The oil and gas company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.04. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the prior year, the business earned ($0.13) EPS. The business's revenue for the quarter was down 7.0% compared to the same quarter last year.

Insider Activity

In related news, major shareholder Carl C. Icahn purchased 275,012 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $21.41 per share, for a total transaction of $5,888,006.92. Following the acquisition, the insider owned 71,201,875 shares of the company's stock, valued at $1,524,432,143.75. The trade was a 0.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 783,404 shares of company stock valued at $16,445,044. Company insiders own 0.01% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC purchased a new position in shares of CVR Energy in the 1st quarter valued at $556,000. New York State Teachers Retirement System grew its stake in CVR Energy by 13.1% during the 1st quarter. New York State Teachers Retirement System now owns 11,666 shares of the oil and gas company's stock worth $393,000 after buying an additional 1,354 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in CVR Energy during the 1st quarter worth $451,000. Hsbc Holdings PLC purchased a new position in CVR Energy during the 4th quarter worth $292,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in CVR Energy by 1,817.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,394 shares of the oil and gas company's stock worth $86,000 after buying an additional 3,217 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.