CVR Energy Inc. (NYSE:CVI) Stock Has Consensus Price Target of $30.50 According to Analysts

CVR Energy Inc. (NYSE:CVI) has been given an average rating of “Reduce” by the eight research firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

Several analysts have commented on CVI shares. Zacks Research raised shares of CVR Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. UBS Group boosted their target price on CVR Energy from $35.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho increased their price target on CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 4th. Weiss Ratings raised CVR Energy from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Finally, Wall Street Zen upgraded CVR Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st.

Institutional Trading of CVR Energy

Several hedge funds and other institutional investors have recently modified their holdings of CVI. Legal & General Group Plc purchased a new position in shares of CVR Energy in the second quarter valued at $1,878,000. NFJ Investment Group LLC purchased a new stake in CVR Energy during the 2nd quarter worth about $2,198,000. PDT Partners LLC bought a new position in CVR Energy in the 2nd quarter worth about $14,502,000. Squarepoint Ops LLC boosted its stake in CVR Energy by 95.0% in the 2nd quarter. Squarepoint Ops LLC now owns 218,382 shares of the oil and gas company’s stock worth $6,014,000 after purchasing an additional 106,406 shares during the period. Finally, BlackRock Inc. purchased a new position in CVR Energy during the 2nd quarter valued at about $143,262,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Stock Performance

Shares of CVR Energy stock opened at $54.70 on Tuesday. The business’s fifty day simple moving average is $42.54 and its 200 day simple moving average is $35.59. The firm has a market capitalization of $5.50 billion, a P/E ratio of 80.44 and a beta of 0.90. CVR Energy has a 12 month low of $19.62 and a 12 month high of $56.24. The company has a current ratio of 1.42, a quick ratio of 0.92 and a debt-to-equity ratio of 2.38.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The business’s revenue was up 55.5% on a year-over-year basis. As a group, analysts anticipate that CVR Energy will post 1.56 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.10 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. CVR Energy’s dividend payout ratio (DPR) is presently 58.82%.

About CVR Energy

CVR Energy, Inc is a diversified energy company engaged primarily in petroleum refining and nitrogen fertilizer production. Headquartered in Sugar Land, Texas, the company operates through subsidiaries that serve customers in the United States, with activities concentrated in the Midcontinent region.

Through its refining operations, CVR Energy processes crude oil into transportation fuels and other refined products, including gasoline, diesel fuel, jet fuel and asphalt. Its refineries are located in Coffeyville, Kansas, and Wynnewood, Oklahoma, and are supported by related logistics, storage and transportation assets.

CVR Energy also owns and operates nitrogen fertilizer facilities through CVR Partners, LP.