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

CVR Energy Inc. (NYSE:CVI) has earned an average recommendation of “Strong Sell” from the six analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $23.25.

Several brokerages have recently issued reports on CVI. Mizuho reaffirmed an “underperform” rating and issued a $29.00 price objective (up previously from $27.00) on shares of CVR Energy in a research note on Monday. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday. Raymond James Financial cut CVR Energy from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 15th. Finally, Scotiabank increased their price objective on CVR Energy from $21.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Friday, July 11th.

Hedge Funds Weigh In On CVR Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Matrix Trust Co acquired a new stake in CVR Energy during the 2nd quarter worth about $26,000. Harbor Capital Advisors Inc. increased its position in shares of CVR Energy by 65.5% in the first quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 646 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of CVR Energy by 1,030.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,944 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 1,772 shares during the period. GAMMA Investing LLC raised its holdings in shares of CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 1,114 shares during the period. Finally, CWM LLC lifted its position in shares of CVR Energy by 304.2% in the 1st quarter. CWM LLC now owns 2,676 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Trading Up 2.3%

Shares of CVR Energy stock opened at $33.86 on Friday. The business has a fifty day simple moving average of $28.98 and a 200-day simple moving average of $24.47. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $34.04. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -10.20 and a beta of 1.32. The company has a quick ratio of 0.75, a current ratio of 1.17 and a debt-to-equity ratio of 2.78.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, July 30th. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). CVR Energy had a negative return on equity of 18.11% and a negative net margin of 4.63%.The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the firm earned $0.09 earnings per share. CVR Energy’s revenue was down 10.5% on a year-over-year basis. On average, equities analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

CVR Energy Company Profile

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.