CVR Energy (NYSE:CVI) PT Lowered to $25.00

CVR Energy (NYSE:CVI) had its target price reduced by investment analysts at Mizuho from $27.00 to $25.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 12.71% from the company’s current price.

CVI has been the subject of several other research reports. UBS Group dropped their price objective on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Scotiabank lifted their target price on shares of CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 2nd. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. Finally, Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, CVR Energy currently has a consensus rating of “Reduce” and a consensus price target of $26.50.

CVR Energy Price Performance

Shares of CVI stock traded up $0.03 during trading hours on Monday, hitting $22.18. The company had a trading volume of 82,848 shares, compared to its average volume of 1,015,464. The firm’s fifty day moving average is $24.93 and its 200 day moving average is $28.92. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 3.40 and a beta of 1.49. CVR Energy has a 12 month low of $21.05 and a 12 month high of $38.07.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.39. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. On average, sell-side analysts predict that CVR Energy will post 0.55 EPS for the current fiscal year.

Hedge Funds Weigh In On CVR Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CVI. Jones Financial Companies Lllp acquired a new position in CVR Energy in the 4th quarter valued at about $33,000. Headlands Technologies LLC lifted its stake in 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 last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of CVR Energy during the first quarter worth $71,000. Covestor Ltd lifted its stake in shares of CVR Energy by 45,560.0% in the 1st quarter. Covestor Ltd now owns 2,283 shares of the oil and gas company’s stock valued at $81,000 after acquiring an additional 2,278 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of CVR Energy during the 4th quarter valued at $89,000. Institutional investors own 98.88% of the company’s stock.

CVR Energy Company Profile

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.