CVR Energy (NYSE:CVI) Receives “Underperform” Rating from Mizuho

Mizuho reiterated their underperform rating on shares of CVR Energy (NYSE:CVI) in a report released on Monday morning, MarketBeat.com reports. The brokerage currently has a $29.00 price objective on the oil and gas company’s stock, up from their prior price objective of $27.00.

Several other equities research analysts also recently weighed in on CVI. Raymond James Financial downgraded CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. Scotiabank increased their price target on CVR Energy from $21.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Friday, July 11th. Five analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus price target of $23.25.

CVR Energy Price Performance

CVI stock opened at $30.46 on Monday. The company has a market capitalization of $3.06 billion, a P/E ratio of -9.17 and a beta of 1.32. CVR Energy has a twelve month low of $15.10 and a twelve month high of $33.24. The business has a 50 day simple moving average of $28.86 and a 200-day simple moving average of $24.24. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.15). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. CVR Energy’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. As a group, equities analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CVI. Matrix Trust Co purchased a new position in CVR Energy in the second quarter worth $26,000. Harbor Capital Advisors Inc. increased its position in shares of CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of CVR Energy by 1,030.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 1,772 shares in the last quarter. GAMMA Investing LLC increased its position in shares of CVR Energy by 106.6% in the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 1,114 shares in the last quarter. Finally, CWM LLC increased its position in shares of CVR Energy by 304.2% in the first quarter. CWM LLC now owns 2,676 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 2,014 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.