CVR Energy Inc. (NYSE:CVI) Given Consensus Rating of “Strong Sell” by Brokerages

CVR Energy Inc. (NYSE:CVI) has been given an average recommendation of “Strong Sell” by the six research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $29.25.

A number of research firms have weighed in on CVI. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. Mizuho reiterated an “underperform” rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a research report on Monday, September 15th. UBS Group set a $37.00 price objective on CVR Energy in a report on Sunday, September 28th. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a research report on Monday. Finally, Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th.

Institutional Trading of CVR Energy

Several institutional investors have recently modified their holdings of CVI. Matrix Trust Co acquired a new position in shares of CVR Energy during the 2nd quarter worth about $26,000. Quarry LP purchased a new stake in CVR Energy during the 3rd quarter worth approximately $50,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of CVR Energy by 1,030.2% during 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 acquiring an additional 1,772 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of CVR Energy in the second quarter valued at approximately $53,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of CVR Energy by 48.0% in the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock worth $98,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Stock Down 1.4%

Shares of CVI opened at $34.58 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. CVR Energy has a 52 week low of $15.10 and a 52 week high of $41.67. The stock’s 50-day moving average price is $36.09 and its 200-day moving average price is $30.82. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 21.08 and a beta of 1.10.

CVR Energy (NYSE:CVI) last posted its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share for the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. The firm had revenue of $1.76 billion for the quarter. On average, sell-side analysts predict that CVR Energy will post -0.12 EPS for the current year.

About CVR Energy

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.