CVR Energy (NYSE:CVI) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

CVR Energy (NYSE:CVI) posted its quarterly earnings data on Tuesday. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12), Zacks reports. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%.

CVR Energy Price Performance

NYSE:CVI traded down $0.10 during trading hours on Tuesday, hitting $18.47. 1,425,230 shares of the stock traded hands, compared to its average volume of 839,309. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 26.76 and a beta of 1.57. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The stock has a 50 day moving average price of $19.18 and a 200 day moving average price of $21.23. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CVI. Mizuho upped their price target on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price target on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $23.00.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the stock in a transaction dated Wednesday, January 8th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.01% of the company’s stock.

About CVR Energy

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.