CVR Energy (NYSE:CVI) released its earnings results on Sunday. The oil and gas company reported ($1.33) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.16), MarketWatch Earnings reports. CVR Energy had a negative return on equity of 7.14% and a negative net margin of 3.29%.
NYSE CVI traded down $0.40 during trading on Tuesday, reaching $22.07. 772,969 shares of the company’s stock were exchanged, compared to its average volume of 609,701. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.74 and a quick ratio of 2.16. The business has a 50 day moving average price of $20.33 and a 200-day moving average price of $17.57. The stock has a market capitalization of $2.22 billion, a P/E ratio of -15.33 and a beta of 2.05. CVR Energy has a fifty-two week low of $9.81 and a fifty-two week high of $27.02.
A number of analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of CVR Energy from $17.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, March 2nd. Citigroup upgraded shares of CVR Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $31.00 in a research note on Monday, February 22nd. Zacks Investment Research upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Friday, January 8th. Finally, Credit Suisse Group upgraded CVR Energy from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.50.
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
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