CVR Energy, Inc. (NYSE:CVI) Given Average Recommendation of “Strong Sell” by Brokerages

CVR Energy, Inc. (NYSE:CVI) has earned an average recommendation of “Strong Sell” from the six analysts that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $24.75.

Several research analysts have recently weighed in on CVI shares. Scotiabank lowered their price target on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. StockNews.com cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their price target 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. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Finally, Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a report on Monday, September 9th.

CVR Energy Stock Up 0.6 %

Shares of NYSE CVI opened at $19.26 on Friday. The stock has a market cap of $1.94 billion, a PE ratio of 28.00 and a beta of 1.52. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. CVR Energy has a 12-month low of $15.60 and a 12-month high of $38.07. The company has a 50-day moving average of $21.46 and a 200 day moving average of $24.45.

CVR Energy (NYSE:CVI) last posted 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 analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. CVR Energy’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. As a group, sell-side analysts predict that CVR Energy will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 acquiring an additional 1,321 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy during the 3rd quarter worth approximately $43,000. Future Financial Wealth Managment LLC purchased a new position in CVR Energy in the third quarter valued at $46,000. Larson Financial Group LLC raised its holdings in 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 position in shares of CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after purchasing an additional 1,119 shares during the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

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.