CVR Energy Inc. (NYSE:CVI) Receives $27.00 Consensus PT from Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned an average rating of “Strong Sell” from the six brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts have recently weighed in on CVI shares. Scotiabank restated an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. UBS Group set a $37.00 price target on CVR Energy in a research note on Sunday, September 28th. Raymond James Financial cut CVR Energy from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 15th. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CVR Energy in a research note on Wednesday, October 8th.

CVR Energy Price Performance

CVI stock opened at $34.88 on Tuesday. The business’s 50-day moving average is $32.37 and its two-hundred day moving average is $27.05. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.17 and a quick ratio of 0.75. The firm has a market capitalization of $3.51 billion, a P/E ratio of -10.51 and a beta of 1.25. CVR Energy has a 1 year low of $15.10 and a 1 year high of $38.30.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share for the quarter. The firm had revenue of $1.76 billion for the quarter. CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%. Analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in CVR Energy by 3,908.1% in the first quarter. GAMMA Investing LLC now owns 41,885 shares of the oil and gas company’s stock valued at $813,000 after acquiring an additional 40,840 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 646 shares during the period. Principal Financial Group Inc. boosted its position in shares of CVR Energy by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 170,584 shares of the oil and gas company’s stock valued at $3,309,000 after purchasing an additional 3,910 shares during the period. D.A. Davidson & CO. grew its stake in CVR Energy by 3.8% during the 1st quarter. D.A. Davidson & CO. now owns 40,790 shares of the oil and gas company’s stock worth $791,000 after buying an additional 1,500 shares during the last quarter. Finally, CWM LLC increased its position in CVR Energy by 304.2% during the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company’s stock worth $52,000 after buying an additional 2,014 shares during the period. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.