CVR Energy (NYSE:CVI) Given New $15.00 Price Target at The Goldman Sachs Group

CVR Energy (NYSE:CVI) had its target price boosted by stock analysts at The Goldman Sachs Group from $13.00 to $15.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “sell” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective suggests a potential downside of 27.15% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Citigroup lowered shares of CVR Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.03 to $15.00 in a research note on Thursday, August 26th. Zacks Investment Research upgraded CVR Energy from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday. Finally, Scotiabank cut CVR Energy from a “sector perform” rating to a “sector underperform” rating and set a $13.00 target price on the stock. in a research note on Thursday, July 15th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, CVR Energy has an average rating of “Hold” and an average target price of $17.83.

Shares of CVI stock traded up $0.23 on Thursday, reaching $20.59. The company had a trading volume of 1,194 shares, compared to its average volume of 772,844. The company has a 50-day moving average of $14.58 and a 200-day moving average of $17.49. The stock has a market cap of $2.07 billion, a PE ratio of -9.90 and a beta of 1.95. CVR Energy has a 12 month low of $9.81 and a 12 month high of $27.02. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 2.52.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Sunday, August 1st. The oil and gas company reported ($0.32) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.60) by $0.28. CVR Energy had a negative return on equity of 34.89% and a negative net margin of 3.87%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.14 billion. Sell-side analysts anticipate that CVR Energy will post -2.1 earnings per share for the current year.

Several large investors have recently bought and sold shares of CVI. Public Employees Retirement System of Ohio increased its stake in shares of CVR Energy by 12.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,235 shares of the oil and gas company’s stock worth $100,000 after purchasing an additional 564 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in CVR Energy by 1.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 42,723 shares of the oil and gas company’s stock valued at $819,000 after purchasing an additional 764 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in CVR Energy by 13.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 11,363 shares of the oil and gas company’s stock worth $204,000 after purchasing an additional 1,338 shares during the period. WINTON GROUP Ltd increased its position in CVR Energy by 4.7% during the second quarter. WINTON GROUP Ltd now owns 38,633 shares of the oil and gas company’s stock worth $694,000 after buying an additional 1,738 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in CVR Energy by 2,302.5% in the second quarter. Meeder Asset Management Inc. now owns 1,898 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 1,819 shares during the period. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Energy

CVR Energy, Inc is a holding company. The firm engages in the provision of petroleum refining and marketing business. It operates through the following segments: Petroleum and Nitrogen Fertilizer. The company was founded in September 1906 and is headquartered in Sugar Land, TX.

Featured Article: What does a dividend yield signify to investors?

The Fly logo

Analyst Recommendations for CVR Energy (NYSE:CVI)

Receive News & Ratings for CVR Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Energy and related companies with MarketBeat.com's FREE daily email newsletter.