CVR Energy, Inc. (NYSE:CVI) Receives Consensus Recommendation of "Strong Sell" from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI - Get Free Report) have been assigned an average recommendation of "Strong Sell" from the six research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.75.

CVI has been the subject of several research reports. Scotiabank lowered their price objective on shares of CVR Energy from $25.00 to $21.00 and set a "sector underperform" rating for the company in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. downgraded CVR Energy from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. JPMorgan Chase & Co. reduced their price objective on CVR Energy from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Wednesday, October 2nd. Tudor Pickering raised CVR Energy to a "strong sell" rating in a research report on Monday, September 9th. Finally, UBS Group cut their price objective on shares of CVR Energy from $33.75 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVI. Vanguard Group Inc. grew its holdings in CVR Energy by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company's stock worth $119,229,000 after purchasing an additional 424,348 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of CVR Energy by 96.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 21,425 shares of the oil and gas company's stock worth $764,000 after acquiring an additional 10,531 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in CVR Energy by 41.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,019 shares of the oil and gas company's stock valued at $393,000 after acquiring an additional 3,213 shares during the period. Principal Financial Group Inc. lifted its holdings in CVR Energy by 1.7% during the 1st quarter. Principal Financial Group Inc. now owns 174,089 shares of the oil and gas company's stock valued at $6,208,000 after purchasing an additional 2,909 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in CVR Energy during the first quarter worth $643,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Trading Down 24.2 %

CVI stock traded down $5.77 during midday trading on Tuesday, hitting $18.05. 9,420,517 shares of the company's stock were exchanged, compared to its average volume of 1,076,653. CVR Energy has a one year low of $17.50 and a one year high of $38.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. The company has a market cap of $1.81 billion, a PE ratio of 2.77 and a beta of 1.48. The stock's fifty day moving average price is $23.85 and its 200-day moving average price is $26.49.

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) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the firm earned $1.89 EPS. The company's revenue for the quarter was down 27.3% on a year-over-year basis. Research analysts predict that CVR Energy will post 0.35 earnings per share for the current fiscal year.

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.