CVR Energy (NYSE:CVI) Announces Earnings Results, Misses Expectations By $0.12 EPS

CVR Energy (NYSE:CVI) announced its quarterly earnings data on Tuesday. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%.

CVR Energy Stock Down 0.5 %

Shares of NYSE CVI traded down $0.10 during trading on Tuesday, reaching $18.47. The company had a trading volume of 1,425,230 shares, compared to its average volume of 839,309. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07. The stock has a market cap of $1.86 billion, a PE ratio of 26.76 and a beta of 1.57. The business’s 50-day moving average is $19.16 and its 200 day moving average is $21.17. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn purchased 878,212 shares of the stock in a transaction dated Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the acquisition, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CVI shares. The Goldman Sachs Group lowered their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research report on Friday, December 6th. Mizuho boosted their price objective on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $23.00.

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.