CVR Energy (NYSE:CVI) issued its quarterly earnings results on Sunday. The oil and gas company reported ($1.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.16), MarketWatch Earnings reports. CVR Energy had a negative net margin of 3.29% and a negative return on equity of 7.14%.
NYSE CVI traded down $0.40 on Tuesday, hitting $22.07. 777,940 shares of the company were exchanged, compared to its average volume of 609,701. The company’s 50 day moving average price is $20.33 and its 200-day moving average price is $17.57. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.74 and a quick ratio of 2.16. The firm has a market capitalization of $2.22 billion, a P/E ratio of -15.60 and a beta of 2.05. CVR Energy has a twelve month low of $9.81 and a twelve month high of $27.02.
A number of equities research analysts have weighed in on CVI shares. Scotiabank upped their price target on shares of CVR Energy from $17.00 to $23.00 and gave the company a “sector perform” rating in a report on Tuesday, March 2nd. Citigroup raised shares of CVR Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $31.00 in a report on Monday, February 22nd. Zacks Investment Research raised shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Friday, January 8th. Finally, Credit Suisse Group upgraded CVR Energy from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 17th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CVR Energy has a consensus rating of “Hold” and a consensus target price of $22.50.
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
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