CVR Energy (CVI) to Release Earnings on Tuesday

CVR Energy (NYSE:CVI) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.85 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CVR Energy Stock Up 5.0 %

CVI stock opened at $19.27 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.33 and a debt-to-equity ratio of 1.84. CVR Energy has a 52 week low of $15.60 and a 52 week high of $38.07. The company has a market cap of $1.94 billion, a PE ratio of 27.92 and a beta of 1.57. The business has a 50-day simple moving average of $19.19 and a 200 day simple moving average of $21.54.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were bought at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at $1,233,163,322.25. This trade represents a 1.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CVI. Mizuho raised their price target on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Friday, December 6th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $23.00.

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.