CVR Energy Inc. (NYSE:CVI) Given Consensus Recommendation of “Strong Sell” by Brokerages

CVR Energy Inc. (NYSE:CVI) has been assigned an average rating of “Strong Sell” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $29.25.

Several equities analysts have recently issued reports on the stock. UBS Group set a $37.00 price target on shares of CVR Energy in a report on Sunday, September 28th. Scotiabank reiterated an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. The Goldman Sachs Group boosted their target price on CVR Energy from $19.00 to $25.00 and gave the company a “sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 22nd. Finally, Zacks Research upgraded CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th.

CVR Energy Stock Performance

Shares of CVI stock opened at $26.01 on Friday. The stock has a market cap of $2.62 billion, a PE ratio of 15.86 and a beta of 1.10. The stock has a 50-day moving average of $34.00 and a 200-day moving average of $31.58. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28. CVR Energy has a one year low of $15.10 and a one year high of $41.67.

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

Institutional Investors Weigh In On CVR Energy

Large investors have recently made changes to their positions in the stock. Matrix Trust Co bought a new stake in CVR Energy in the 2nd quarter valued at $26,000. Quarry LP bought a new stake in shares of CVR Energy in the third quarter valued at about $50,000. Raymond James Financial Inc. acquired a new position in shares of CVR Energy during the second quarter worth about $53,000. BNP Paribas Financial Markets boosted its position in shares of CVR Energy by 48.0% during the second 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 bought a new position in shares of CVR Energy during the second quarter worth about $114,000. Institutional investors 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.