CVR Energy (NYSE:CVI) Stock Price Expected to Rise, Mizuho Analyst Says

CVR Energy (NYSE:CVI) had its price target hoisted by equities research analysts at Mizuho from $32.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the oil and gas company’s stock. Mizuho’s target price suggests a potential upside of 10.27% from the stock’s current price.

A number of other analysts also recently issued reports on CVI. The Goldman Sachs Group started coverage on shares of CVR Energy in a report on Friday, April 10th. They issued a “sell” rating and a $30.00 price objective for the company. Scotiabank upped their price target on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. Weiss Ratings downgraded shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $32.50.

CVR Energy Stock Down 2.2%

Shares of CVI opened at $31.74 on Wednesday. CVR Energy has a 52 week low of $19.62 and a 52 week high of $41.67. The firm has a market cap of $3.19 billion, a P/E ratio of -73.81 and a beta of 0.83. The firm’s 50-day simple moving average is $32.51 and its 200 day simple moving average is $29.33. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) EPS. On average, analysts forecast that CVR Energy will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in CVR Energy by 44.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 339 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in CVR Energy by 51.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 388 shares during the last quarter. Quarry LP bought a new position in CVR Energy in the 3rd quarter valued at approximately $50,000. Aster Capital Management DIFC Ltd bought a new position in CVR Energy in the 4th quarter valued at approximately $40,000. Finally, Exchange Traded Concepts LLC bought a new position in CVR Energy in the 4th quarter valued at approximately $47,000. 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.