CVR Energy, Inc. (NYSE:CVI) Receives $21.20 Average Target Price from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI - Get Free Report) have received an average rating of "Strong Sell" from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.20.

A number of research firms have issued reports on CVI. Scotiabank reduced their target price on shares of CVR Energy from $22.00 to $16.00 and set a "sector underperform" rating for the company in a research note on Friday, April 11th. Mizuho upped their price objective on shares of CVR Energy from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group cut their target price on CVR Energy from $19.00 to $16.00 and set a "sell" rating for the company in a research report on Thursday, March 27th.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 3,610 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $65,846.40. Following the purchase, the insider now directly owns 67,574,203 shares in the company, valued at approximately $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders purchased 1,592,723 shares of company stock valued at $27,750,649. Company insiders own 0.01% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in shares of CVR Energy by 2.5% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,707 shares of the oil and gas company's stock worth $615,000 after buying an additional 759 shares in the last quarter. GAMMA Investing LLC raised its position in shares of CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company's stock worth $42,000 after acquiring an additional 1,114 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of CVR Energy by 65.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,633 shares of the oil and gas company's stock valued at $32,000 after purchasing an additional 646 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in CVR Energy during the 4th quarter worth about $198,000. Finally, GTS Securities LLC bought a new stake in CVR Energy in the fourth quarter worth approximately $197,000. Institutional investors own 98.88% of the company's stock.

CVR Energy Trading Up 0.9 %

Shares of NYSE CVI traded up $0.17 during mid-day trading on Tuesday, hitting $18.47. 694,689 shares of the company traded hands, compared to its average volume of 1,240,240. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy has a 1 year low of $15.10 and a 1 year high of $33.51. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 307.92 and a beta of 1.26. The business has a 50 day moving average of $18.82 and a two-hundred day moving average of $19.44.

CVR Energy (NYSE:CVI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.85 billion. On average, sell-side analysts anticipate that CVR Energy will post -0.12 earnings per share for the current fiscal year.

CVR Energy Company Profile

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.