CVR Energy (NYSE:CVI) Issues Earnings Results

CVR Energy (NYSE:CVI - Get Free Report) released its earnings results on Monday. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.09), Briefing.com reports. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.96 billion. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm's revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 EPS.

CVR Energy Stock Down 8.3 %

Shares of CVR Energy stock traded down $2.74 during trading on Tuesday, hitting $30.38. 2,046,578 shares of the stock were exchanged, compared to its average volume of 898,471. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.30 and a quick ratio of 0.94. The firm's 50-day moving average price is $34.44 and its 200 day moving average price is $32.80. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 4.01 and a beta of 1.57. CVR Energy has a 12-month low of $22.60 and a 12-month high of $39.36.

CVR Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date was Friday, March 1st. CVR Energy's dividend payout ratio is presently 26.14%.

Wall Street Analysts Forecast Growth

CVI has been the subject of several recent research reports. StockNews.com cut shares of CVR Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 23rd. Scotiabank lifted their target price on CVR Energy from $25.00 to $29.00 and gave the company a "sector underperform" rating in a report on Thursday, April 11th.

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.