CVR Energy Inc. (NYSE:CVI) Receives $31.75 Consensus Target Price from Analysts

Shares of CVR Energy Inc. (NYSE:CVI) have been given a consensus recommendation of “Strong Sell” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.50.

Several equities research analysts recently weighed in on CVI shares. Mizuho upped their price target on CVR Energy from $32.00 to $35.00 and gave the stock an “underperform” rating in a research note on Wednesday, May 27th. Scotiabank upped their price target on CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group started coverage on CVR Energy in a research note on Friday, April 10th. They issued a “sell” rating and a $30.00 price target on the stock. Finally, Raymond James Financial raised CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of CVR Energy by 44.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 339 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CVR Energy by 51.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 388 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of CVR Energy during the fourth quarter valued at $40,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Energy during the fourth quarter valued at $47,000. Finally, Horizon Investments LLC bought a new position in shares of CVR Energy during the fourth quarter valued at $47,000. 98.88% of the stock is owned by institutional investors.

CVR Energy Price Performance

Shares of CVR Energy stock opened at $33.19 on Wednesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.44 and a quick ratio of 0.89. The business’s 50 day simple moving average is $32.67 and its two-hundred day simple moving average is $29.25. The stock has a market capitalization of $3.34 billion, a P/E ratio of -77.18 and a beta of 0.80. CVR Energy has a one year low of $19.62 and a one year high of $41.67.

CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.70). CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted ($0.58) earnings per share. CVR Energy’s quarterly revenue was up 20.3% on a year-over-year basis. Analysts forecast that CVR Energy will post 1.04 EPS for the current year.

CVR Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, May 11th. CVR Energy’s payout ratio is -93.02%.

CVR Energy Company Profile

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.