CVR Energy (NYSE:CVI) Lowered to Peer Perform at Wolfe Research

CVR Energy (NYSE:CVIGet Rating) was downgraded by investment analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Wednesday, Marketbeat.com reports. The analysts noted that the move was a valuation call.

Several other equities analysts also recently commented on CVI. TheStreet upgraded shares of CVR Energy from a “c+” rating to a “b-” rating in a research note on Thursday, July 21st. Credit Suisse Group boosted their price target on shares of CVR Energy to $40.00 in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CVR Energy from $26.00 to $32.00 in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.40.

CVR Energy Stock Up 1.0 %

CVR Energy stock opened at $32.74 on Wednesday. CVR Energy has a fifty-two week low of $12.84 and a fifty-two week high of $43.61. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 1.25. The firm has a 50 day moving average price of $32.33 and a 200 day moving average price of $30.27. The company has a market capitalization of $3.29 billion, a PE ratio of 10.04 and a beta of 1.44.

CVR Energy (NYSE:CVIGet Rating) last posted its earnings results on Monday, August 1st. The oil and gas company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.35. CVR Energy had a net margin of 3.46% and a return on equity of 23.67%. During the same period in the prior year, the firm posted ($0.32) earnings per share. Research analysts expect that CVR Energy will post 5.35 earnings per share for the current year.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CVI. Exchange Traded Concepts LLC purchased a new stake in CVR Energy in the first quarter valued at $36,000. Robeco Institutional Asset Management B.V. purchased a new stake in CVR Energy in the second quarter valued at $56,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in CVR Energy in the first quarter valued at $79,000. Amalgamated Bank purchased a new stake in CVR Energy in the first quarter valued at $91,000. Finally, Great West Life Assurance Co. Can lifted its position in CVR Energy by 28.0% in the first quarter. Great West Life Assurance Co. Can now owns 3,752 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 821 shares during the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

About CVR Energy

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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.

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Analyst Recommendations for CVR Energy (NYSE:CVI)

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