CVR Energy (NYSE:CVI) Price Target Cut to $21.00 by Analysts at The Goldman Sachs Group

CVR Energy (NYSE:CVI) had its price target reduced by The Goldman Sachs Group from $24.00 to $21.00 in a research note released on Friday,Benzinga reports. They currently have a sell rating on the oil and gas company’s stock.

CVI has been the subject of several other research reports. Tudor, Pickering, Holt & Co. downgraded shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. StockNews.com lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. UBS Group reduced their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $24.00.

CVR Energy Trading Up 2.5 %

CVI opened at $18.77 on Friday. The business’s 50-day simple moving average is $20.76 and its 200-day simple moving average is $23.96. The company has a market cap of $1.89 billion, a P/E ratio of 27.20 and a beta of 1.57. CVR Energy has a one year low of $15.60 and a one year high of $38.07. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, equities research analysts expect that CVR Energy will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On CVR Energy

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC grew its position in CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 1,321 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of CVR Energy in the 3rd quarter worth $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CVR Energy in the 3rd quarter worth $46,000. Larson Financial Group LLC boosted its holdings in shares of CVR Energy by 640.9% in the third quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC increased its stake in shares of CVR Energy by 47.3% during the second quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock worth $93,000 after acquiring an additional 1,119 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.