CVR Energy Inc. (NYSE:CVI) Receives $23.25 Average Target Price from Analysts

CVR Energy Inc. (NYSE:CVI) has earned a consensus rating of “Strong Sell” from the six brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $23.25.

Several research analysts have issued reports on CVI shares. Raymond James Financial cut shares of CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. Mizuho restated an “underperform” rating and issued a $29.00 price target (up from $27.00) on shares of CVR Energy in a report on Monday, September 15th. Scotiabank increased their price objective on shares of CVR Energy from $21.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Friday, July 11th. Finally, Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its stake in CVR Energy by 65.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 646 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CVR Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 683 shares during the period. SummerHaven Investment Management LLC grew its position in shares of CVR Energy by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 32,465 shares of the oil and gas company’s stock worth $872,000 after buying an additional 758 shares in the last quarter. Bank of Montreal Can grew its position in shares of CVR Energy by 9.2% during the second quarter. Bank of Montreal Can now owns 11,147 shares of the oil and gas company’s stock worth $299,000 after buying an additional 941 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in CVR Energy during the second quarter worth approximately $26,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Price Performance

CVR Energy stock opened at $34.20 on Friday. CVR Energy has a 52-week low of $15.10 and a 52-week high of $34.32. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -10.30 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78. The firm’s fifty day moving average is $29.03 and its 200 day moving average is $24.67.

CVR Energy (NYSE:CVI) last announced its earnings results 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 analysts’ expectations of $1.73 billion. CVR Energy had a negative net margin of 4.63% and a negative return on equity of 18.11%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Sell-side analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

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.