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CVR Energy (NYSE:CVI) Cut to "Sell" at StockNews.com

CVR Energy logo with Oils/Energy background

StockNews.com lowered shares of CVR Energy (NYSE:CVI - Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

CVI has been the subject of a number of other research reports. The Goldman Sachs Group dropped their target price on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a report on Friday, December 6th. Scotiabank lowered their target price on CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating on the stock in a report on Thursday, October 10th. Tudor Pickering raised CVR Energy to a "strong sell" rating in a report on Monday, September 9th. Tudor, Pickering, Holt & Co. lowered CVR Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. cut their target price on CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, CVR Energy has a consensus rating of "Reduce" and an average target price of $24.00.

Get Our Latest Stock Analysis on CVR Energy

CVR Energy Price Performance

CVI traded down $0.14 during trading on Friday, hitting $18.91. The company's stock had a trading volume of 1,166,026 shares, compared to its average volume of 1,143,793. 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 firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 27.41 and a beta of 1.57. The business's fifty day simple moving average is $20.30 and its 200 day simple moving average is $23.55. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07.

CVR Energy (NYSE:CVI - Get Free Report) last issued 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 company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. CVR Energy's revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 EPS. On average, equities research analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

Several large investors have recently modified their holdings of the business. Headlands Technologies LLC boosted its position in shares of CVR Energy by 820.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 1,321 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in CVR Energy during the third quarter worth $43,000. Future Financial Wealth Managment LLC purchased a new position in shares of CVR Energy during the third quarter worth $46,000. Larson Financial Group LLC grew its stake in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company's stock valued at $72,000 after buying an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC raised its holdings 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 buying an additional 1,119 shares during the period. Institutional investors and hedge funds own 98.88% of the company's stock.

About CVR Energy

(Get Free Report)

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.

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