CVR Energy (CVI) Projected to Post Quarterly Earnings on Tuesday

CVR Energy (NYSE:CVI - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect CVR Energy to post earnings of ($0.01) per share and revenue of $1.85 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

CVR Energy Stock Performance

Shares of CVI stock traded up $0.36 on Friday, reaching $18.58. The stock had a trading volume of 554,100 shares, compared to its average volume of 819,787. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The firm's 50-day moving average is $19.20 and its two-hundred day moving average is $21.39. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 26.93 and a beta of 1.57. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of the stock in a transaction dated Wednesday, January 8th. The shares were bought at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the acquisition, the insider now owns 67,570,593 shares of the company's stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.01% of the company's stock.

Analysts Set New Price Targets

CVI has been the topic of several research analyst reports. StockNews.com raised shares of CVR Energy from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Mizuho increased their price target on shares of CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price target on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Friday, December 6th. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $23.00.

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.