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

Shares of CVR Energy, Inc. (NYSE:CVI) have been assigned an average rating of “Strong Sell” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.00.

Several equities research analysts have issued reports on the stock. Scotiabank dropped their target price on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. JPMorgan Chase & Co. reduced their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group reduced their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in CVR Energy by 14.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after purchasing an additional 81,590 shares during the period. Royce & Associates LP increased its stake in shares of CVR Energy by 58.1% in the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock worth $2,327,000 after buying an additional 37,130 shares during the period. State Street Corp raised its holdings in CVR Energy by 18.1% during the 3rd quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after buying an additional 317,475 shares during the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in CVR Energy during the 3rd quarter valued at $5,335,000. Finally, Advisors Asset Management Inc. grew its holdings in CVR Energy by 37.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company’s stock worth $8,108,000 after acquiring an additional 95,371 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

CVR Energy Stock Up 0.4 %

CVI opened at $18.16 on Wednesday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 26.32 and a beta of 1.57. CVR Energy has a one year low of $15.60 and a one year high of $38.07. The company has a fifty day moving average price of $19.43 and a 200-day moving average price of $23.08. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last announced its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. CVR Energy’s revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 earnings per share. Equities research analysts expect that CVR Energy will post -0.12 earnings per share for the current fiscal year.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.