CVR Energy (NYSE:CVI) released its earnings results on Sunday. The oil and gas company reported ($1.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.45), MarketWatch Earnings reports. CVR Energy had a negative net margin of 3.29% and a negative return on equity of 7.14%.
Shares of CVI stock traded up $0.70 during trading hours on Tuesday, hitting $25.20. 25,382 shares of the company’s stock traded hands, compared to its average volume of 604,883. CVR Energy has a 12-month low of $9.81 and a 12-month high of $33.84. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -17.01 and a beta of 2.05. The stock’s fifty day simple moving average is $18.48 and its two-hundred day simple moving average is $15.36. The company has a quick ratio of 2.16, a current ratio of 2.74 and a debt-to-equity ratio of 1.29.
CVI has been the topic of a number of recent research reports. Citigroup raised CVR Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $31.00 in a research note on Monday. Scotiabank reduced their price objective on CVR Energy from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 4th. Raymond James initiated coverage on CVR Energy in a research note on Tuesday, December 15th. They set a “market perform” rating on the stock. TheStreet cut CVR Energy from a “c” rating to a “d” rating in a research note on Monday, November 2nd. Finally, Credit Suisse Group raised CVR Energy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.20.
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
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