CVR Energy (NYSE:CVI) Given New $20.00 Price Target at Mizuho

CVR Energy (NYSE:CVI) had its price target hoisted by Mizuho from $18.00 to $20.00 in a report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts have also recently commented on the stock. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. decreased their price target on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Scotiabank reduced their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a report on Thursday, October 10th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $23.00.

CVR Energy Stock Performance

NYSE CVI opened at $18.53 on Monday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 26.86 and a beta of 1.57. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. The firm’s fifty day moving average price is $20.17 and its two-hundred day moving average price is $23.46. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07.

CVR Energy (NYSE:CVI) last issued its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. As a group, research analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

Institutional Investors Weigh In On CVR Energy

Several institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in CVR Energy by 14.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after buying an additional 81,590 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of CVR Energy by 58.1% during the 3rd quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock worth $2,327,000 after acquiring an additional 37,130 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of CVR Energy during the 3rd quarter worth approximately $5,335,000. Advisors Asset Management Inc. increased its stake in CVR Energy by 37.2% in the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock valued at $8,108,000 after acquiring an additional 95,371 shares during the last quarter. Finally, Millennium Management LLC bought a new position in CVR Energy in the second quarter valued at approximately $2,889,000. 98.88% of the stock is currently owned by 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.