CVR Energy Inc. (NYSE:CVI) Given Consensus Recommendation of “Strong Sell” by Analysts

CVR Energy Inc. (NYSE:CVI) has been assigned a consensus recommendation of “Strong Sell” from the six research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation and one has assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.25.

Several equities research analysts have recently weighed in on CVI shares. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group upped their price objective on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CVR Energy in a report on Wednesday, October 8th. Finally, UBS Group set a $37.00 target price on CVR Energy in a research report on Sunday, September 28th.

CVR Energy Stock Performance

CVR Energy stock opened at $36.37 on Friday. CVR Energy has a 52 week low of $15.10 and a 52 week high of $41.67. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. The stock has a market cap of $3.66 billion, a P/E ratio of 22.17 and a beta of 1.21. The stock has a 50 day moving average of $35.01 and a 200-day moving average of $28.91.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.98%. The company had revenue of $1.76 billion during the quarter. On average, analysts expect that CVR Energy will post -0.12 EPS for the current fiscal year.

Institutional Trading of CVR Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Matrix Trust Co bought a new position in shares of CVR Energy in the 2nd quarter worth about $26,000. Caitong International Asset Management Co. Ltd raised its stake in CVR Energy by 1,030.2% during 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 raised its stake in CVR Energy by 106.6% during 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. CWM LLC lifted its holdings in 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 last quarter. Finally, Raymond James Financial Inc. acquired a new position in CVR Energy in the second quarter valued at approximately $53,000. 98.88% of the stock is owned by institutional investors and hedge funds.

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.