CVR Energy (NYSE:CVI) announced its quarterly earnings results on Sunday. The oil and gas company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.16), MarketWatch Earnings reports. CVR Energy had a negative net margin of 3.29% and a negative return on equity of 7.14%.
Shares of NYSE CVI traded down $0.40 during trading on Tuesday, reaching $22.07. 777,940 shares of the stock were exchanged, compared to its average volume of 609,701. The business’s 50-day moving average price is $20.33 and its 200 day moving average price is $17.57. CVR Energy has a twelve month low of $9.81 and a twelve month high of $27.02. The company has a quick ratio of 2.16, a current ratio of 2.74 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -15.60 and a beta of 2.05.
A number of brokerages have weighed in on CVI. Scotiabank lifted their price target on shares of CVR Energy from $17.00 to $23.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 2nd. Citigroup raised shares of CVR Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $31.00 in a research report on Monday, February 22nd. Credit Suisse Group raised shares of CVR Energy from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 17th. Finally, Zacks Investment Research raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. CVR Energy has an average rating of “Hold” and a consensus price target of $22.50.
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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