CVR Energy Inc. (CVI) – What Are Brokerages Saying About This Stock?

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned a consensus rating of “Reduce” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.75.

A number of equities research analysts recently commented on CVI shares. Wall Street Zen raised CVR Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. UBS Group lifted their price objective on shares of CVR Energy from $35.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, October 2nd. Zacks Research upgraded shares of CVR Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. The Goldman Sachs Group increased their target price on shares of CVR Energy from $36.00 to $50.00 and gave the company a “sell” rating in a report on Friday, October 9th. Finally, Weiss Ratings raised shares of CVR Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th.

Institutional Trading of CVR Energy

A number of large investors have recently added to or reduced their stakes in CVI. BlackRock Inc. purchased a new stake in shares of CVR Energy during the second quarter worth $143,262,000. State Street Corp boosted its holdings in shares of CVR Energy by 11.0% in the second quarter. State Street Corp now owns 2,153,498 shares of the oil and gas company’s stock worth $59,315,000 after acquiring an additional 213,829 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CVR Energy by 16.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,908,062 shares of the oil and gas company’s stock worth $64,220,000 after acquiring an additional 265,013 shares during the period. Bank of America Corp DE boosted its holdings in shares of CVR Energy by 19.4% in the second quarter. Bank of America Corp DE now owns 671,728 shares of the oil and gas company’s stock worth $18,499,000 after acquiring an additional 109,338 shares during the period. Finally, PDT Partners LLC purchased a new position in shares of CVR Energy in the second quarter valued at $14,502,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

Shares of NYSE CVI opened at $58.24 on Friday. CVR Energy has a fifty-two week low of $19.62 and a fifty-two week high of $63.51. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 85.65 and a beta of 0.90. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.92 and a current ratio of 1.42. The firm’s 50-day simple moving average is $52.31 and its 200 day simple moving average is $35.59.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.22 billion. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%. The company’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.23) earnings per share. As a group, research analysts anticipate that CVR Energy will post 4.20 earnings per share for the current fiscal year.

CVR Energy Company Profile

CVR Energy, Inc (NYSE:CVI) is a diversified energy company engaged primarily in petroleum refining and nitrogen fertilizer production. Through its refining operations, the company processes crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel and asphalt.

CVR Energy operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. The facilities primarily serve customers in the Midcontinent region of the United States and are supported by related logistics and distribution assets.