CVR Energy, Inc. (NYSE:CVI) Given Consensus Rating of “Strong Sell” by Brokerages

CVR Energy, Inc. (NYSE:CVI) has been assigned an average recommendation of “Strong Sell” from the seven research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.00.

A number of equities research analysts recently commented on the company. Scotiabank decreased their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. The Goldman Sachs Group decreased their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Mizuho increased their price objective on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd.

CVR Energy Stock Down 0.2 %

NYSE CVI opened at $18.50 on Wednesday. The firm has a market cap of $1.86 billion, a PE ratio of 26.80 and a beta of 1.57. CVR Energy has a one year low of $15.60 and a one year high of $38.07. The stock’s 50 day simple moving average is $20.06 and its 200 day simple moving average is $23.39. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The firm’s revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. As a group, sell-side analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC lifted its stake in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of CVR Energy in the 3rd quarter valued at $43,000. Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy in the 3rd quarter valued at $46,000. Larson Financial Group LLC lifted its stake in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 2,698 shares during the period. Finally, Quest Partners LLC lifted its stake in shares of CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.