CVR Energy (NYSE:CVI) Releases Earnings Results, Misses Estimates By $0.70 EPS

CVR Energy (NYSE:CVI) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.70), FiscalAI reports. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.78 billion. CVR Energy had a negative return on equity of 14.31% and a net margin of 0.38%.The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.58) EPS.

CVR Energy Stock Performance

Shares of CVI opened at $34.08 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $29.60 and its two-hundred day simple moving average is $29.74. CVR Energy has a 12 month low of $18.73 and a 12 month high of $41.67. The stock has a market capitalization of $3.43 billion, a P/E ratio of 131.10 and a beta of 0.94.

Wall Street Analyst Weigh In

Several brokerages have commented on CVI. Scotiabank lifted their target price on CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. Raymond James Financial raised CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Wall Street Zen downgraded CVR Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings lowered CVR Energy from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group began coverage on CVR Energy in a report on Friday, April 10th. They issued a “sell” rating and a $30.00 target price on the stock. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average price target of $31.75.

Insider Buying and Selling at CVR Energy

In other CVR Energy news, major shareholder Carl C. Icahn acquired 275,012 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $21.41 per share, with a total value of $5,888,006.92. Following the purchase, the insider directly owned 71,201,875 shares of the company’s stock, valued at $1,524,432,143.75. This trade represents a 0.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders bought 783,404 shares of company stock valued at $16,445,044. Company insiders own 0.01% of the company’s stock.

Institutional Investors Weigh In On CVR Energy

Several large investors have recently added to or reduced their stakes in CVI. Quarry LP acquired a new position in CVR Energy in the third quarter valued at approximately $50,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of CVR Energy during the 4th quarter worth approximately $40,000. Raymond James Financial Inc. acquired a new stake in shares of CVR Energy during the 2nd quarter worth approximately $53,000. BNP Paribas Financial Markets increased its stake in shares of CVR Energy by 48.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock valued at $98,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of CVR Energy in the 2nd quarter valued at $114,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.