CVR Energy Inc. (NYSE:CVI) Receives $29.25 Average Target Price from Analysts

CVR Energy Inc. (NYSE:CVI) has received an average recommendation of “Strong Sell” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.25.

Several research firms recently commented on CVI. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a research note on Monday. The Goldman Sachs Group lifted their target price on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a report on Wednesday, October 22nd. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group set a $37.00 price target on CVR Energy in a report on Sunday, September 28th.

CVR Energy Trading Down 2.7%

CVI stock opened at $25.31 on Friday. The firm has a fifty day moving average price of $33.63 and a 200 day moving average price of $31.61. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $41.67. The firm has a market cap of $2.54 billion, a PE ratio of 15.43 and a beta of 1.10. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.28 and a current ratio of 1.96.

CVR Energy (NYSE:CVI) last released its quarterly earnings data on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. The business had revenue of $1.76 billion for the quarter. Sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

A number of large investors have recently made changes to their positions in CVI. Matrix Trust Co purchased a new stake in shares of CVR Energy in the second quarter valued at approximately $26,000. Quarry LP purchased a new position in CVR Energy during the 3rd quarter worth $50,000. Raymond James Financial Inc. bought a new stake in CVR Energy during the 2nd quarter valued at $53,000. BNP Paribas Financial Markets lifted its holdings in shares of CVR Energy by 48.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock worth $98,000 after buying an additional 1,178 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of CVR Energy in the 2nd quarter worth $114,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

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.