CVR Energy (NYSE:CVI – Get Free Report) released its earnings results on Monday. The oil and gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.39, Briefing.com reports. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a return on equity of 24.74% and a net margin of 6.39%. CVR Energy’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 earnings per share.
CVR Energy Trading Up 2.3 %
CVI traded up $0.65 during trading on Wednesday, hitting $29.38. 709,651 shares of the stock were exchanged, compared to its average volume of 978,522. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 4.44 and a beta of 1.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.49. CVR Energy has a 1 year low of $23.93 and a 1 year high of $39.36. The firm has a 50 day simple moving average of $26.68 and a 200 day simple moving average of $30.86.
CVR Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Monday, August 12th. CVR Energy’s dividend payout ratio is presently 30.67%.
Analyst Upgrades and Downgrades
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CVR Energy Company Profile
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.
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