CVR Energy (CVI) Set to Announce Earnings on Monday

CVR Energy (NYSE:CVI) is set to issue its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, February 20th. The oil and gas company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.40. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.26 billion. On average, analysts expect CVR Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CVR Energy Price Performance

Shares of CVI stock opened at $33.22 on Friday. The stock has a 50 day moving average price of $34.47 and a 200 day moving average price of $32.79. CVR Energy has a 52-week low of $22.60 and a 52-week high of $39.36. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.94 and a current ratio of 1.30. The firm has a market capitalization of $3.34 billion, a P/E ratio of 4.34 and a beta of 1.57.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $0.50 per share. The ex-dividend date was Friday, March 1st. This represents a $2.00 annualized dividend and a dividend yield of 6.02%. CVR Energy’s dividend payout ratio (DPR) is 26.14%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CVI shares. Scotiabank upped their price target on shares of CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com lowered shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

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.