Shares of CVR Energy Inc. (NYSE:CVI) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price target of $16.00 for the company, according to Zacks. Zacks has also assigned CVR Energy an industry rank of 80 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on CVI. TheStreet cut shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Thursday, October 27th. Piper Jaffray Companies raised shares of CVR Energy from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Monday, October 10th.
Shares of CVR Energy (NYSE:CVI) opened at 23.21 on Monday. CVR Energy has a 52-week low of $12.03 and a 52-week high of $37.02. The firm’s 50-day moving average price is $22.21 and its 200-day moving average price is $16.43. The stock’s market capitalization is $2.02 billion.
CVR Energy (NYSE:CVI) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.11. CVR Energy had a negative net margin of 0.62% and a positive return on equity of 1.81%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue was down 12.0% on a year-over-year basis. Equities analysts forecast that CVR Energy will post $0.07 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Advisors LLC boosted its position in shares of CVR Energy by 1.3% in the second quarter. BlackRock Advisors LLC now owns 7,783 shares of the company’s stock valued at $121,000 after buying an additional 99 shares in the last quarter. Legal & General Group Plc boosted its position in shares of CVR Energy by 726.9% in the second quarter. Legal & General Group Plc now owns 8,542 shares of the company’s stock valued at $131,000 after buying an additional 7,509 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of CVR Energy during the third quarter valued at approximately $146,000. American International Group Inc. boosted its position in shares of CVR Energy by 0.3% in the third quarter. American International Group Inc. now owns 10,681 shares of the company’s stock valued at $147,000 after buying an additional 36 shares in the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in shares of CVR Energy during the third quarter valued at approximately $152,000. 99.16% of the stock is currently owned by institutional investors.
CVR Energy Company Profile
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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