CVR Energy (NYSE:CVI) Stock Price Down 7.3% – Should You Sell?

CVR Energy Inc. (NYSE:CVI)’s stock price fell 7.3% during mid-day trading on Wednesday . The stock traded as low as $23.11 and last traded at $22.85. 1,196,249 shares changed hands during trading, a decline of 12% from the average session volume of 1,362,980 shares. The stock had previously closed at $24.64.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 29th. The Goldman Sachs Group boosted their price objective on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a report on Wednesday, October 22nd. Scotiabank restated an “underperform” rating on shares of CVR Energy in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Strong Sell” and a consensus target price of $29.25.

CVR Energy Trading Down 2.8%

The company has a market capitalization of $2.31 billion, a P/E ratio of 14.02 and a beta of 1.14. The business has a 50 day moving average price of $31.70 and a 200 day moving average price of $31.41. The company has a current ratio of 1.96, a quick ratio of 1.28 and a debt-to-equity ratio of 1.76.

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

Institutional Trading of CVR Energy

Several hedge funds have recently added to or reduced their stakes in the business. Matrix Trust Co acquired a new position in CVR Energy in the second quarter valued at about $26,000. Quarry LP acquired a new stake in shares of CVR Energy during the third quarter worth about $50,000. Raymond James Financial Inc. bought a new position in shares of CVR Energy during the 2nd quarter valued at about $53,000. BNP Paribas Financial Markets grew its position 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 valued at $98,000 after purchasing an additional 1,178 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of CVR Energy in the 2nd quarter valued at approximately $114,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.