CVR Energy, Inc. (NYSE:CVI) Given Average Rating of "Strong Sell" by Analysts

Shares of CVR Energy, Inc. (NYSE:CVI - Get Free Report) have been given an average recommendation of "Strong Sell" by the six brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.75.

Several equities research analysts have commented on the company. Mizuho dropped their price target on CVR Energy from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Scotiabank decreased their target price on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 2nd. Finally, StockNews.com downgraded CVR Energy from a "hold" rating to a "sell" rating in a research report on Wednesday, October 30th.

Institutional Trading of CVR Energy

A number of institutional investors and hedge funds have recently made changes to their positions in CVI. ProShare Advisors LLC acquired a new stake in CVR Energy in the 1st quarter valued at approximately $213,000. State Board of Administration of Florida Retirement System increased its position in shares of CVR Energy by 36.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,516 shares of the oil and gas company's stock valued at $377,000 after purchasing an additional 3,050 shares during the period. Vanguard Group Inc. boosted its stake in shares of CVR Energy by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company's stock worth $143,379,000 after acquiring an additional 85,773 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of CVR Energy during the 1st quarter worth $333,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of CVR Energy by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,485 shares of the oil and gas company's stock valued at $767,000 after buying an additional 990 shares in the last quarter. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Stock Performance

NYSE:CVI remained flat at $18.74 on Friday. The company's stock had a trading volume of 855,353 shares, compared to its average volume of 2,162,895. The stock has a market capitalization of $1.88 billion, a PE ratio of 27.17 and a beta of 1.52. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The business has a fifty day moving average of $21.62 and a two-hundred day moving average of $24.66. 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 announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The business's revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, analysts predict that CVR Energy will post 0.12 earnings per share for the current year.

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.