Shares of CVR Energy Inc. (NYSE:CVI) have earned an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.
Analysts have set a 1 year consensus price target of $10.00 for the company, according to Zacks. Zacks has also assigned CVR Energy an industry rank of 109 out of 265 based on the ratings given to related companies.
Several equities analysts have recently weighed in on the stock. Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of CVR Energy in a research note on Wednesday, June 29th. Piper Jaffray Cos. raised their price target on shares of CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, August 22nd.
CVR Energy (NYSE:CVI) opened at 13.95 on Monday. CVR Energy has a 12 month low of $13.01 and a 12 month high of $48.37. The company’s 50-day moving average is $14.39 and its 200-day moving average is $18.05. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 48.95 and a beta of 1.79.
CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.27. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CVR Energy had a net margin of 0.54% and a return on equity of 5.84%. The business’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. On average, equities research analysts anticipate that CVR Energy will post $0.37 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in CVR Energy by 273.6% in the second quarter. First Trust Advisors LP now owns 1,331,765 shares of the company’s stock valued at $20,642,000 after buying an additional 975,336 shares during the last quarter. State Street Corp increased its stake in CVR Energy by 49.1% in the second quarter. State Street Corp now owns 951,428 shares of the company’s stock valued at $14,746,000 after buying an additional 313,177 shares during the last quarter. BlackRock Fund Advisors increased its stake in CVR Energy by 140.8% in the second quarter. BlackRock Fund Advisors now owns 411,305 shares of the company’s stock valued at $6,375,000 after buying an additional 240,524 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in CVR Energy during the second quarter valued at approximately $3,386,000. Finally, AQR Capital Management LLC increased its stake in CVR Energy by 45.9% in the second quarter. AQR Capital Management LLC now owns 644,264 shares of the company’s stock valued at $9,987,000 after buying an additional 202,630 shares during the last quarter.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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