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

Shares of CVR Energy Inc. (NYSE:CVI) have been given a consensus recommendation of “Strong Sell” by the eight ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $30.25.

A number of equities analysts recently commented on the company. Weiss Ratings downgraded CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Mizuho lowered their price objective on CVR Energy from $35.00 to $28.00 and set an “underperform” rating for the company in a report on Tuesday, July 7th. Scotiabank upped their price objective on CVR Energy from $25.00 to $28.00 and gave the company a “sector underperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial raised CVR Energy from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 25th. Finally, UBS Group reiterated a “neutral” rating and issued a $35.00 target price on shares of CVR Energy in a research report on Monday, June 29th.

Hedge Funds Weigh In On CVR Energy

A number of hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $37,000 after purchasing an additional 339 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of CVR Energy by 51.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 388 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of CVR Energy during the 4th quarter valued at about $40,000. Exchange Traded Concepts LLC bought a new stake in shares of CVR Energy during the 4th quarter valued at about $47,000. Finally, Horizon Investments LLC acquired a new stake in CVR Energy during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Trading Down 1.1%

NYSE CVI opened at $34.75 on Thursday. CVR Energy has a 12 month low of $19.62 and a 12 month high of $41.67. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -80.82 and a beta of 0.83. The company’s fifty day moving average price is $31.30 and its two-hundred day moving average price is $28.85.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.73 billion. CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.CVR Energy’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.58) earnings per share. As a group, research analysts predict that CVR Energy will post -0.21 earnings per share for the current fiscal year.

CVR Energy Dividend Announcement

The company also recently disclosed 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 was Monday, May 11th. This represents a $0.40 annualized dividend and a yield of 1.2%. CVR Energy’s dividend payout ratio (DPR) is -93.02%.

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.