CVR Energy Inc. (NYSE:CVI) Receives $29.25 Average Price Target from Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have received a consensus recommendation of “Strong Sell” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.25.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a research note on Thursday, October 9th. The Goldman Sachs Group boosted their price target on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a report on Wednesday, October 22nd. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group set a $37.00 price objective on CVR Energy in a research report on Sunday, September 28th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CVI. Wealth Enhancement Advisory Services LLC bought a new position in shares of CVR Energy during the second quarter valued at approximately $248,000. Maryland State Retirement & Pension System purchased a new stake in shares of CVR Energy in the 2nd quarter worth approximately $268,000. Bayforest Capital Ltd bought a new position in CVR Energy during the 3rd quarter valued at approximately $1,057,000. Highland Capital Management LLC purchased a new position in CVR Energy during the second quarter valued at $384,000. Finally, Allianz Asset Management GmbH boosted its holdings in CVR Energy by 16.8% in the second quarter. Allianz Asset Management GmbH now owns 270,594 shares of the oil and gas company’s stock worth $7,265,000 after acquiring an additional 38,890 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $24.52 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28. CVR Energy has a one year low of $15.10 and a one year high of $41.67. The business’s 50 day simple moving average is $28.85 and its two-hundred day simple moving average is $31.09. The stock has a market capitalization of $2.47 billion, a P/E ratio of 14.95 and a beta of 1.14.

CVR Energy (NYSE:CVI) last issued its earnings results on Wednesday, October 29th. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.20. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the business earned ($0.50) earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that CVR Energy will post -0.12 EPS for the current year.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.