CVR Energy (NYSE:CVI) Stock Price Down 7.1% – What’s Next?

CVR Energy Inc. (NYSE:CVI) traded down 7.1% during trading on Monday . The company traded as low as $23.14 and last traded at $22.7980. 97,503 shares were traded during trading, a decline of 93% from the average session volume of 1,430,734 shares. The stock had previously closed at $24.54.

Analysts Set New Price Targets

A number of equities analysts have commented on CVI shares. 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 research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, UBS Group set a $37.00 price target on shares of CVR Energy in a research note on Sunday, September 28th. Two equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $29.25.

CVR Energy Price Performance

The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.28 and a current ratio of 1.96. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 13.56 and a beta of 1.14. The company has a 50-day moving average of $28.85 and a 200-day moving average of $31.09.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.20. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.82 billion. CVR Energy had a negative return on equity of 6.43% and a net margin of 2.26%.CVR Energy’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.50) earnings per share. As a group, research analysts anticipate that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

Large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC acquired a new position in CVR Energy during the fourth quarter valued at approximately $47,000. Quarry LP acquired a new stake in shares of CVR Energy in the 3rd quarter valued at approximately $50,000. Raymond James Financial Inc. bought a new position in shares of CVR Energy in the second quarter valued at $53,000. BNP Paribas Financial Markets grew its stake in shares of CVR Energy by 48.0% in the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 1,178 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in CVR Energy during the second quarter worth $114,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

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.