CVR Energy, Inc. (NYSE:CVI) Receives Consensus Recommendation of “Hold” from Brokerages

CVR Energy, Inc. (NYSE:CVIGet Rating) has been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.11.

Several analysts recently issued reports on CVI shares. Credit Suisse Group increased their price target on CVR Energy from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, March 14th. Scotiabank upgraded CVR Energy from a “sector underperform” rating to a “sector perform” rating and increased their price target for the company from $12.00 to $20.00 in a report on Thursday, January 13th. StockNews.com began coverage on shares of CVR Energy in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research raised shares of CVR Energy from a “peer perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Friday, January 7th. Finally, Zacks Investment Research raised shares of CVR Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday.

Several hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of CVR Energy during the first quarter worth about $36,000. Assenagon Asset Management S.A. lifted its position in shares of CVR Energy by 8.4% during the first quarter. Assenagon Asset Management S.A. now owns 168,066 shares of the oil and gas company’s stock worth $4,292,000 after purchasing an additional 13,073 shares during the last quarter. Congress Asset Management Co. MA lifted its position in shares of CVR Energy by 8.1% during the first quarter. Congress Asset Management Co. MA now owns 70,968 shares of the oil and gas company’s stock worth $1,813,000 after purchasing an additional 5,302 shares during the last quarter. Norges Bank bought a new position in CVR Energy in the fourth quarter worth about $3,743,000. Finally, Barclays PLC lifted its holdings in CVR Energy by 60.9% in the fourth quarter. Barclays PLC now owns 45,969 shares of the oil and gas company’s stock worth $773,000 after acquiring an additional 17,401 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CVI opened at $24.62 on Wednesday. CVR Energy has a 12-month low of $11.22 and a 12-month high of $29.26. The firm has a market cap of $2.48 billion, a P/E ratio of 102.58 and a beta of 1.79. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 2.15. The firm has a fifty day moving average of $22.92.

CVR Energy (NYSE:CVIGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). CVR Energy had a net margin of 0.35% and a negative return on equity of 24.83%. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted ($1.18) earnings per share. As a group, equities analysts predict that CVR Energy will post 1.15 earnings per share for the current fiscal year.

About CVR Energy (Get Rating)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

See Also

Analyst Recommendations for CVR Energy (NYSE:CVI)

Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.