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

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

CVR Energy Stock Performance

Shares of CVI stock opened at $33.12 on Tuesday. The company has a market cap of $3.33 billion, a P/E ratio of 4.33 and a beta of 1.57. The business has a 50 day moving average of $34.44 and a two-hundred day moving average of $32.80. CVR Energy has a 52 week low of $22.60 and a 52 week high of $39.36. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a yield of 6.04%. CVR Energy’s dividend payout ratio is currently 26.14%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CVI shares. Scotiabank boosted their price objective on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com lowered 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.