CVR Energy, Inc. (NYSE:CVI) Given Average Recommendation of “Strong Sell” by Brokerages

CVR Energy, Inc. (NYSE:CVI) has earned a consensus rating of “Strong Sell” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research 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 brokers that have covered the stock in the last year is $24.75.

Several analysts have recently commented on the stock. Mizuho dropped their price objective on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. UBS Group dropped their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Finally, Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th.

CVR Energy Stock Up 0.6 %

CVI stock opened at $19.26 on Friday. The stock has a market capitalization of $1.94 billion, a PE ratio of 28.00 and a beta of 1.52. CVR Energy has a 52 week low of $15.60 and a 52 week high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The firm has a 50 day moving average of $21.46 and a 200 day moving average of $24.45.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. CVR Energy’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period last year, the firm earned $1.89 earnings per share. Sell-side analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On CVR Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC grew its position in shares of CVR Energy by 820.5% in the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy in the 3rd quarter worth about $43,000. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy during the 3rd quarter worth approximately $46,000. Larson Financial Group LLC raised its holdings in shares of CVR Energy by 640.9% during the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares during the last quarter. Finally, Quest Partners LLC lifted its position in shares of CVR Energy by 47.3% in the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,119 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.