CVR Energy (NYSE:CVI – Get Free Report) released its quarterly earnings results on Monday. The oil and gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39, Briefing.com reports. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. CVR Energy had a return on equity of 24.74% and a net margin of 6.39%. The business’s revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.64 EPS.
CVR Energy Trading Down 0.5 %
Shares of NYSE:CVI traded down $0.13 during midday trading on Wednesday, hitting $28.60. The company had a trading volume of 2,527,362 shares, compared to its average volume of 990,821. CVR Energy has a 12 month low of $23.93 and a 12 month high of $39.36. The company has a current ratio of 1.49, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 4.39 and a beta of 1.54. The firm has a fifty day simple moving average of $26.66 and a 200 day simple moving average of $30.85.
CVR Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be given a $0.50 dividend. The ex-dividend date is Monday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 6.99%. CVR Energy’s dividend payout ratio is currently 30.67%.
Analysts Set New Price Targets
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CVR Energy Company Profile
CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.
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