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

Shares of CVR Energy Inc. (NYSE:CVI) have been assigned a consensus rating of “Strong Sell” from the six ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.25.

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

CVR Energy Stock Performance

Shares of CVI opened at $25.06 on Thursday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 15.28 and a beta of 1.14. The business’s fifty day simple moving average is $29.33 and its two-hundred day simple moving average is $31.17. CVR Energy has a 12 month low of $15.10 and a 12 month high of $41.67. The company has a current ratio of 1.96, a quick ratio of 1.28 and a debt-to-equity ratio of 1.76.

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

Institutional Trading of CVR Energy

Several large investors have recently modified their holdings of CVI. Exchange Traded Concepts LLC purchased a new stake in CVR Energy during the fourth quarter valued at $47,000. SG Americas Securities LLC grew its stake in shares of CVR Energy by 3.1% during the 4th quarter. SG Americas Securities LLC now owns 28,848 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 873 shares during the period. JPMorgan Chase & Co. increased its position in shares of CVR Energy by 38.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock valued at $13,867,000 after purchasing an additional 106,350 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of CVR Energy in the 3rd quarter worth approximately $22,217,000. Finally, Advisory Services Network LLC bought a new position in shares of CVR Energy in the 3rd quarter worth approximately $428,000. Institutional investors own 98.88% of the company’s stock.

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.