CVR Energy (NYSE:CVI) Upgraded by StockNews.com to "Hold" Rating

CVR Energy (NYSE:CVI - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Friday.

A number of other research analysts have also weighed in on CVI. Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a "hold" rating to a "sell" rating in a research report on Monday, September 9th. Scotiabank dropped their target price on shares of 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. The Goldman Sachs Group reduced their target price on CVR Energy from $24.00 to $21.00 and set a "sell" rating for the company in a report on Friday. Mizuho dropped their price target on CVR Energy from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their price objective on CVR Energy from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, CVR Energy presently has a consensus rating of "Reduce" and a consensus target price of $24.00.

CVR Energy Stock Up 2.5 %

Shares of NYSE CVI traded up $0.45 during trading on Friday, hitting $18.77. 1,427,500 shares of the company traded hands, compared to its average volume of 1,137,581. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 27.20 and a beta of 1.57. The business's fifty day moving average is $20.85 and its 200 day moving average is $24.03. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.

CVR Energy (NYSE:CVI - Get Free Report) last released 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). CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The company's revenue was down 27.3% compared to the same quarter last year. Equities research analysts predict that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC grew its holdings in 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 worth $40,000 after acquiring an additional 1,321 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CVR Energy in the third quarter worth about $43,000. Future Financial Wealth Managment LLC bought a new stake in shares of CVR Energy in the third quarter worth about $46,000. Larson Financial Group LLC increased its holdings in CVR Energy by 640.9% during 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 period. Finally, Quest Partners LLC raised its position in CVR Energy by 47.3% during 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 last quarter. 98.88% of the stock is currently owned by institutional investors.

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.

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