Analysts Set CVR Energy Inc. (NYSE:CVI) PT at $29.25

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

A number of equities research analysts have recently commented on CVI shares. UBS Group set a $37.00 target price on CVR Energy in a research note on Sunday, September 28th. Scotiabank restated an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. The Goldman Sachs Group lifted their price objective on shares of CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Mizuho restated an “underperform” rating and set a $29.00 price target (up previously from $27.00) on shares of CVR Energy in a research note on Monday, September 15th.

Institutional Trading of CVR Energy

Several hedge funds have recently made changes to their positions in CVI. JPMorgan Chase & Co. grew its stake 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 worth $13,867,000 after acquiring an additional 106,350 shares during the period. Tudor Investment Corp ET AL bought a new stake in CVR Energy in the 3rd quarter valued at about $22,217,000. Advisory Services Network LLC purchased a new stake in CVR Energy during the third quarter valued at about $428,000. Icon Advisers Inc. Co. boosted its position in CVR Energy by 39.2% during the third quarter. Icon Advisers Inc. Co. now owns 110,000 shares of the oil and gas company’s stock worth $4,013,000 after purchasing an additional 31,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in CVR Energy by 33.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock worth $49,768,000 after purchasing an additional 345,758 shares during the period. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Stock Performance

CVI stock opened at $25.45 on Friday. The firm has a market cap of $2.56 billion, a PE ratio of 15.52 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. The business has a 50 day moving average of $33.14 and a 200-day moving average of $31.52. CVR Energy has a 12-month low of $15.10 and a 12-month high of $41.67.

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