CVR Energy (NYSE:CVI) Posts Quarterly Earnings Results, Misses Expectations By $0.09 EPS

CVR Energy (NYSE:CVI) announced its quarterly earnings data on Monday. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09), Briefing.com reports. CVR Energy had a net margin of 8.32% and a return on equity of 55.17%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was down 18.5% on a year-over-year basis.

CVR Energy Stock Down 3.2 %

Shares of CVI traded down $1.06 during mid-day trading on Tuesday, hitting $32.06. 143,902 shares of the company’s stock were exchanged, compared to its average volume of 875,076. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. CVR Energy has a twelve month low of $22.60 and a twelve month high of $39.36. The firm has a fifty day moving average of $34.44 and a two-hundred day moving average of $32.80. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 4.33 and a beta of 1.57.

CVR Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.24%. The ex-dividend date was Friday, March 1st. CVR Energy’s dividend payout ratio is 26.14%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CVI shares. Scotiabank lifted their target price on shares of CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a research note on Thursday, April 11th. StockNews.com cut CVR Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd.

About CVR Energy

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.