CVR Energy Inc. (NYSE:CVI) Receives $23.00 Average Target Price from Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have earned an average recommendation of “Strong Sell” from the seven brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.00.

Several equities analysts recently issued reports on the company. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a research report on Monday, May 5th. The Goldman Sachs Group decreased their target price on CVR Energy from $19.00 to $16.00 and set a “sell” rating for the company in a report on Thursday, March 27th. Mizuho upped their target price on CVR Energy from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 61,108 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $18.12 per share, for a total transaction of $1,107,276.96. Following the completion of the transaction, the insider now owns 68,595,378 shares in the company, valued at approximately $1,242,948,249.36. The trade was a 0.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 1,027,432 shares of company stock worth $17,618,998. 0.01% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its holdings in CVR Energy by 65.5% in the 1st 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CVR Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,443 shares of the oil and gas company’s stock worth $364,000 after purchasing an additional 683 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of CVR Energy by 2.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company’s stock worth $615,000 after purchasing an additional 759 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CVR Energy by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,282 shares of the oil and gas company’s stock valued at $1,130,000 after buying an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

Shares of NYSE CVI opened at $28.27 on Wednesday. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $29.84. The company has a market cap of $2.84 billion, a PE ratio of -14.35 and a beta of 1.13. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.85 and a current ratio of 1.32. The business has a 50-day simple moving average of $21.71 and a two-hundred day simple moving average of $20.03.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, April 28th. The oil and gas company reported ($0.58) EPS for the quarter, beating the consensus estimate of ($0.90) by $0.32. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. CVR Energy had a negative net margin of 2.68% and a negative return on equity of 12.66%. CVR Energy’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.04 EPS. As a group, equities analysts expect 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.