CVR Energy, Inc. (NYSE:CVI) Receives $23.00 Consensus PT from Analysts

CVR Energy, Inc. (NYSE:CVI - Get Free Report) has received a consensus recommendation of "Strong Sell" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $23.00.

Several brokerages recently weighed in on CVI. The Goldman Sachs Group cut their price target on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. dropped their price objective on CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Wednesday, October 2nd. Scotiabank decreased their target price on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a research report on Thursday, October 10th. Mizuho boosted their price target on shares of CVR Energy from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of CVR Energy from a "hold" rating to a "sell" rating in a report on Saturday, December 14th.

CVR Energy Stock Up 2.0 %

Shares of CVI stock traded up $0.38 during trading hours on Friday, reaching $18.97. 685,225 shares of the company's stock were exchanged, compared to its average volume of 962,223. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.91 billion, a PE ratio of 27.49 and a beta of 1.58. The stock's fifty day moving average price is $18.57 and its two-hundred day moving average price is $22.31.

CVR Energy (NYSE:CVI - Get Free Report) last announced its quarterly earnings data 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 business 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 business's revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Research analysts predict that CVR Energy will post -0.12 EPS for the current year.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the acquisition, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CVI. Headlands Technologies LLC grew its position in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock valued at $40,000 after buying an additional 1,321 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of CVR Energy during the third quarter worth about $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CVR Energy during the third quarter worth about $46,000. Larson Financial Group LLC lifted its holdings in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after purchasing an additional 2,698 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company's stock valued at $93,000 after purchasing an additional 1,119 shares during the period. Hedge funds and other institutional investors own 98.88% of the company's stock.

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.