CVR Energy (NYSE:CVI) Releases Earnings Results

CVR Energy (NYSE:CVI) announced its quarterly earnings data on Monday. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09), Briefing.com reports. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.96 billion. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. CVR Energy’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share.

CVR Energy Stock Performance

Shares of CVI stock traded down $1.06 during midday trading on Tuesday, hitting $32.06. The company had a trading volume of 143,902 shares, compared to its average volume of 875,076. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.30 and a quick ratio of 0.94. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 4.33 and a beta of 1.57. The company’s 50 day simple moving average is $34.44 and its 200 day simple moving average is $32.80. CVR Energy has a 52-week low of $22.60 and a 52-week high of $39.36.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 annualized dividend and a yield of 6.24%. CVR Energy’s dividend payout ratio (DPR) is 26.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Scotiabank increased their target price on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

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.