Brokerages Set CVR Energy Inc. (NYSE:CVI) Target Price at $29.25

Shares of CVR Energy Inc. (NYSE:CVI) have received a consensus recommendation of “Strong Sell” from the six research firms that are currently 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 target price among brokerages that have updated their coverage on the stock in the last year is $29.25.

CVI has been the subject of several research reports. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank reaffirmed an “underperform” rating on shares of CVR Energy in a research note on Thursday, October 9th. The Goldman Sachs Group increased their target price on shares of CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a report on Monday, December 29th.

Institutional Trading of CVR Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CVI. BNP Paribas Financial Markets raised its position in shares of CVR Energy by 21,261.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,073 shares of the oil and gas company’s stock worth $28,311,000 after acquiring an additional 772,440 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in CVR Energy in the third quarter valued at about $22,217,000. Bank of America Corp DE raised its holdings in CVR Energy by 101.2% in the third quarter. Bank of America Corp DE now owns 706,504 shares of the oil and gas company’s stock worth $25,773,000 after purchasing an additional 355,412 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of CVR Energy by 33.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,364,250 shares of the oil and gas company’s stock valued at $49,768,000 after buying an additional 345,758 shares during the last quarter. Finally, Voleon Capital Management LP lifted its position in shares of CVR Energy by 2,496.4% during the third quarter. Voleon Capital Management LP now owns 275,870 shares of the oil and gas company’s stock valued at $10,064,000 after buying an additional 265,245 shares during the last quarter. Institutional investors own 98.88% of the company’s stock.

CVR Energy Price Performance

CVR Energy stock opened at $22.23 on Thursday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.96 and a quick ratio of 1.28. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 13.55 and a beta of 1.14. The firm has a 50-day moving average of $28.57 and a two-hundred day moving average of $31.01. CVR Energy has a 1 year low of $15.10 and a 1 year high of $41.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.20. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that CVR Energy will post -0.12 earnings per share for the current year.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.