CVR Energy Inc. (CVI) Issues Earnings Results, Beats Expectations By $0.08 EPS
CVR Energy Inc. (NYSE:CVI) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08, Bloomberg Earnings reports. CVR Energy had a net margin of 0.44% and a return on equity of 2.10%.
Shares of CVR Energy (CVI) traded up 5.50% during mid-day trading on Wednesday, reaching $28.96. 298,819 shares of the company were exchanged. The firm’s 50-day moving average is $26.19 and its 200-day moving average is $22.08. CVR Energy has a 12 month low of $12.03 and a 12 month high of $28.99. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 105.69 and a beta of 1.66.
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A number of analysts recently weighed in on CVI shares. ValuEngine raised shares of CVR Energy from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 11th. BidaskClub raised shares of CVR Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th.
About CVR Energy
CVR Energy, Inc (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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