CVR Energy Inc. (NYSE:CVI – Get Free Report) has been given an average rating of “Strong Sell” by the seven brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.50.
Several research firms recently issued reports on CVI. The Goldman Sachs Group initiated coverage on shares of CVR Energy in a research note on Friday, April 10th. They set a “sell” rating and a $30.00 price target on the stock. Mizuho boosted their target price on shares of CVR Energy from $32.00 to $35.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Finally, Tudor Pickering downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th.
View Our Latest Research Report on CVI
Institutional Investors Weigh In On CVR Energy
CVR Energy Stock Performance
CVR Energy stock opened at $27.45 on Friday. CVR Energy has a 12-month low of $19.62 and a 12-month high of $41.67. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of -63.84 and a beta of 0.80. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The firm’s fifty day moving average price is $32.16 and its 200 day moving average price is $28.85.
CVR Energy (NYSE:CVI – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.70). CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm earned ($0.58) EPS. The business’s quarterly revenue was up 20.3% on a year-over-year basis. On average, research analysts forecast that CVR Energy will post 0.88 EPS for the current fiscal year.
CVR Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Stockholders of record on Monday, May 11th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. CVR Energy’s payout ratio is presently -93.02%.
CVR Energy Company Profile
CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.
In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.
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