CVR Energy (NYSE:CVI) Issues Quarterly Earnings Results, Misses Estimates By $0.12 EPS

CVR Energy (NYSE:CVI - Get Free Report) released its quarterly earnings data on Tuesday. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. CVR Energy had a net margin of 0.09% and a negative return on equity of 4.99%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion.

CVR Energy Stock Up 0.7 %

Shares of NYSE:CVI traded up $0.15 on Friday, reaching $20.34. The company had a trading volume of 1,106,722 shares, compared to its average volume of 937,371. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $2.04 billion, a P/E ratio of 338.97 and a beta of 1.57. The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $21.12. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07.

Analyst Upgrades and Downgrades

CVI has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on shares of CVR Energy from $24.00 to $21.00 and set a "sell" rating on the stock in a report on Friday, December 6th. Mizuho boosted their target price on CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Finally, StockNews.com raised CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to MarketBeat, CVR Energy currently has a consensus rating of "Reduce" and an average price target of $23.00.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn bought 878,212 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the purchase, the insider now owns 67,570,593 shares of the company's stock, valued at $1,233,163,322.25. This represents a 1.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.01% of the stock is owned by company insiders.

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.