CVR Energy (NYSE:CVI) Given New $20.00 Price Target at Mizuho

CVR Energy (NYSE:CVI - Get Free Report) had its price objective increased by stock analysts at Mizuho from $18.00 to $20.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price target points to a potential upside of 7.93% from the stock's previous close.

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

CVR Energy Stock Down 2.0 %

CVI traded down $0.38 on Monday, reaching $18.53. The company's stock had a trading volume of 1,865,534 shares, compared to its average volume of 1,147,242. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The business's 50 day moving average is $20.30 and its 200 day moving average is $23.52. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 26.42 and a beta of 1.57.

CVR Energy (NYSE:CVI - Get Free Report) last issued its earnings results on Monday, October 28th. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.41). The company had revenue of $1.83 billion during 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 for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS. As a group, research analysts forecast that CVR Energy will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of CVR Energy by 14.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company's stock valued at $14,719,000 after purchasing an additional 81,590 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of CVR Energy by 58.1% in the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company's stock valued at $2,327,000 after purchasing an additional 37,130 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of CVR Energy by 37.2% during the third quarter. Advisors Asset Management Inc. now owns 352,075 shares of the oil and gas company's stock valued at $8,108,000 after buying an additional 95,371 shares in the last quarter. Millennium Management LLC acquired a new position in CVR Energy during the second quarter valued at $2,889,000. Finally, Quest Partners LLC lifted its stake in CVR Energy by 1,034.9% in the 3rd quarter. Quest Partners LLC now owns 39,550 shares of the oil and gas company's stock worth $911,000 after acquiring an additional 36,065 shares in the last quarter. 98.88% of the stock is 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.