CVR Energy, Inc. (NYSE:CVI) Receives $24.50 Average Target Price from Analysts

Shares of CVR Energy, Inc. (NYSE:CVIGet Rating) have received a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $24.50.

A number of equities research analysts have weighed in on the company. Credit Suisse Group lifted their target price on CVR Energy to $40.00 in a report on Thursday, June 9th. JPMorgan Chase & Co. raised their price objective on CVR Energy from $26.00 to $32.00 in a research note on Tuesday, May 17th. Finally, StockNews.com raised CVR Energy from a “hold” rating to a “buy” rating in a research note on Monday, May 9th.

Large investors have recently made changes to their positions in the stock. Dark Forest Capital Management LP purchased a new position in shares of CVR Energy during the third quarter valued at approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of CVR Energy during the fourth quarter valued at approximately $36,000. Exchange Traded Concepts LLC purchased a new position in CVR Energy in the first quarter worth $36,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in CVR Energy in the fourth quarter worth $39,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in CVR Energy in the fourth quarter worth $68,000. 92.69% of the stock is currently owned by institutional investors.

Shares of CVI stock opened at $34.69 on Thursday. The company has a market cap of $3.49 billion, a P/E ratio of 22.24 and a beta of 1.61. The stock has a 50 day simple moving average of $32.65 and a two-hundred day simple moving average of $24.59. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.70 and a current ratio of 1.14. CVR Energy has a fifty-two week low of $11.22 and a fifty-two week high of $43.61.

CVR Energy (NYSE:CVIGet Rating) last issued its earnings results on Monday, May 2nd. The oil and gas company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.12. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $1.77 billion. CVR Energy had a negative return on equity of 9.50% and a net margin of 1.94%. During the same period in the previous year, the company posted ($1.33) earnings per share. On average, research analysts predict that CVR Energy will post 3.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Investors of record on Friday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 4.61%. CVR Energy’s payout ratio is 102.56%.

CVR Energy Company Profile (Get Rating)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

See Also

Analyst Recommendations for CVR Energy (NYSE:CVI)

Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.