Brokerages Set CVR Energy, Inc. (NYSE:CVI) Price Target at $24.50

Shares of CVR Energy, Inc. (NYSE:CVIGet Rating) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.50.

A number of equities research analysts recently weighed in on CVI shares. StockNews.com upgraded CVR Energy from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Credit Suisse Group increased their price target on CVR Energy to $40.00 in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. increased their price target on CVR Energy from $26.00 to $32.00 in a research note on Tuesday, May 17th.

Shares of CVR Energy stock opened at $34.69 on Thursday. CVR Energy has a 12-month low of $11.22 and a 12-month high of $43.61. The stock has a market cap of $3.49 billion, a P/E ratio of 22.24 and a beta of 1.61. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $32.65 and its 200-day moving average is $24.59.

CVR Energy (NYSE:CVIGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.12. CVR Energy had a negative return on equity of 9.50% and a net margin of 1.94%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business posted ($1.33) EPS. On average, sell-side analysts expect that CVR Energy will post 3.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 23rd. Shareholders of record on Friday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, May 12th. CVR Energy’s payout ratio is 102.56%.

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in CVR Energy by 78.6% during the 1st quarter. Bank of America Corp DE now owns 167,227 shares of the oil and gas company’s stock worth $4,271,000 after buying an additional 73,600 shares during the period. Walleye Capital LLC acquired a new stake in shares of CVR Energy during the 1st quarter worth $291,000. Weiss Multi Strategy Advisers LLC acquired a new stake in shares of CVR Energy during the 1st quarter worth $802,000. Quantbot Technologies LP acquired a new stake in shares of CVR Energy during the 1st quarter worth $510,000. Finally, Guggenheim Capital LLC grew its holdings in shares of CVR Energy by 16.8% during the 1st quarter. Guggenheim Capital LLC now owns 26,626 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 3,828 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

CVR Energy Company Profile (Get Rating)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

See Also

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.