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

CVR Energy Inc. (NYSE:CVI) has earned a consensus recommendation of “Strong Sell” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.75.

Several equities analysts have recently commented on CVI shares. Mizuho boosted their target price on shares of CVR Energy from $28.00 to $32.00 and gave the stock an “underperform” rating in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Scotiabank boosted their target price on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th.

CVR Energy Price Performance

CVI stock opened at $31.74 on Wednesday. CVR Energy has a one year low of $19.62 and a one year high of $41.67. The company’s fifty day moving average price is $32.51 and its 200-day moving average price is $29.33. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.89 and a current ratio of 1.44. The company has a market capitalization of $3.19 billion, a PE ratio of -73.81 and a beta of 0.83.

CVR Energy (NYSE:CVI) last released its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.54) by ($0.70). CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted ($0.58) EPS. CVR Energy’s quarterly revenue was up 20.3% compared to the same quarter last year. On average, equities analysts anticipate that CVR Energy will post 1.04 EPS for the current fiscal year.

CVR Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 18th. Investors of record on Monday, May 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. CVR Energy’s dividend payout ratio is presently -93.02%.

Institutional Investors Weigh In On CVR Energy

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in CVR Energy by 44.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in CVR Energy by 2.2% during the third quarter. Illinois Municipal Retirement Fund now owns 17,081 shares of the oil and gas company’s stock valued at $623,000 after purchasing an additional 363 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Victory Capital Management Inc. raised its stake in CVR Energy by 2.9% during the third quarter. Victory Capital Management Inc. now owns 21,329 shares of the oil and gas company’s stock valued at $778,000 after purchasing an additional 596 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in CVR Energy by 1.5% during the third quarter. Alliancebernstein L.P. now owns 48,943 shares of the oil and gas company’s stock valued at $1,785,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other 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.