CVR Energy (NYSE:CVI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of CVR Energy (NYSE:CVI) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

CVI has been the subject of a number of other reports. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. UBS Group dropped their price target on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their target price on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 2nd. Finally, Mizuho cut their price target on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Five equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $24.75.

CVR Energy Price Performance

CVI opened at $15.97 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.93. The stock has a market capitalization of $1.61 billion, a P/E ratio of 23.14 and a beta of 1.52. The company’s 50 day simple moving average is $23.23 and its 200-day simple moving average is $26.11. CVR Energy has a one year low of $15.60 and a one year high of $38.07.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data 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 firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.89 earnings per share. Sell-side analysts anticipate that CVR Energy will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CVI. Vanguard Group Inc. boosted its position in shares of CVR Energy by 2.2% during the first quarter. Vanguard Group Inc. now owns 4,020,717 shares of the oil and gas company’s stock worth $143,379,000 after purchasing an additional 85,773 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CVR Energy by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,072,334 shares of the oil and gas company’s stock valued at $55,476,000 after acquiring an additional 44,636 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of CVR Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock worth $26,109,000 after acquiring an additional 3,134 shares in the last quarter. SIR Capital Management L.P. acquired a new stake in shares of CVR Energy during the second quarter worth about $17,907,000. Finally, American Century Companies Inc. raised its position in shares of CVR Energy by 60.3% during the second quarter. American Century Companies Inc. now owns 407,819 shares of the oil and gas company’s stock worth $10,917,000 after purchasing an additional 153,396 shares during the period. Institutional investors and hedge funds 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.