FY2025 Earnings Forecast for CVR Energy Issued By Scotiabank

CVR Energy, Inc. (NYSE:CVI - Free Report) - Scotiabank raised their FY2025 earnings per share (EPS) estimates for CVR Energy in a research note issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will earn $0.60 per share for the year, up from their previous estimate of ($0.10). The consensus estimate for CVR Energy's current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for CVR Energy's FY2026 earnings at $1.80 EPS.

Several other equities analysts have also weighed in on the stock. Mizuho raised their price objective on shares of CVR Energy from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. The Goldman Sachs Group lowered their price target on CVR Energy from $19.00 to $16.00 and set a "sell" rating on the stock in a research note on Thursday. Finally, StockNews.com upgraded shares of CVR Energy from a "sell" rating to a "hold" rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $22.00.

CVR Energy Price Performance

CVR Energy stock traded down $0.12 during mid-day trading on Monday, hitting $20.12. The company's stock had a trading volume of 584,594 shares, compared to its average volume of 1,184,741. The stock's fifty day moving average price is $19.58 and its two-hundred day moving average price is $20.19. The stock has a market capitalization of $2.02 billion, a P/E ratio of 335.36 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. CVR Energy has a twelve month low of $15.60 and a twelve month high of $38.07.

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CVR Energy (NYSE:CVI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.12). CVR Energy had a negative return on equity of 5.12% and a net margin of 0.09%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.85 billion.

Insider Transactions at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 878,212 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the purchase, the insider now owns 67,570,593 shares of the company's stock, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 1,492,540 shares of company stock worth $27,049,928. Company insiders own 0.01% of the company's stock.

Institutional Investors Weigh In On CVR Energy

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in CVR Energy during the fourth quarter valued at about $36,000. PNC Financial Services Group Inc. grew its holdings in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 731 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in CVR Energy during the third quarter valued at about $43,000. Larson Financial Group LLC grew its position 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 worth $72,000 after acquiring an additional 2,698 shares during the last quarter. Finally, FMR LLC lifted its position in CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company's stock valued at $93,000 after purchasing an additional 2,049 shares during 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.