CVR Energy, Inc. (NYSE:CVI) Receives Consensus Rating of "Strong Sell" from Brokerages

Shares of CVR Energy, Inc. (NYSE:CVI - Get Free Report) have received a consensus rating of "Strong Sell" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $23.00.

Several equities research analysts have recently weighed in on CVI shares. Mizuho upped their target price on CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Monday. Scotiabank decreased their price target on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a report on Thursday, October 10th. Tudor Pickering upgraded shares of CVR Energy to a "strong sell" rating in a research note on Monday, September 9th. The Goldman Sachs Group decreased their target price on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. Finally, StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a research note on Saturday.

CVR Energy Price Performance

CVR Energy stock traded down $0.58 during mid-day trading on Wednesday, hitting $17.92. 1,599,216 shares of the company were exchanged, compared to its average volume of 1,151,344. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company has a market capitalization of $1.80 billion, a P/E ratio of 25.97 and a beta of 1.57. The business's 50 day simple moving average is $19.93 and its two-hundred day simple moving average is $23.35. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07.

CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.41). The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The company's revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. Analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of 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 acquiring an additional 317,475 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of CVR Energy by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company's stock valued at $55,476,000 after buying an additional 44,636 shares during the last quarter. Bank of New York Mellon Corp raised its stake in CVR Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company's stock worth $26,109,000 after acquiring an additional 3,134 shares during the period. SIR Capital Management L.P. acquired a new position in CVR Energy in the second quarter valued at approximately $17,907,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in CVR Energy by 14.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after acquiring an additional 81,590 shares during the period. Institutional investors own 98.88% of the company's stock.

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.