CVR Energy (NYSE:CVI) Posts Earnings Results, Misses Estimates By $0.12 EPS

CVR Energy (NYSE:CVI) posted its quarterly earnings data on Tuesday. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.12), Zacks reports. CVR Energy had a negative return on equity of 4.99% and a net margin of 0.09%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.85 billion.

CVR Energy Stock Performance

NYSE CVI opened at $19.88 on Thursday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 331.32 and a beta of 1.57. The stock has a 50-day simple moving average of $19.16 and a two-hundred day simple moving average of $21.13. 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 has a fifty-two week low of $15.60 and a fifty-two week high of $38.07.

Insider Transactions at CVR Energy

In related news, major shareholder Carl C. Icahn purchased 878,212 shares of CVR Energy stock in a transaction that occurred on Wednesday, January 8th. The stock was bought at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the transaction, the insider now owns 67,570,593 shares in the company, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

CVI has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. StockNews.com upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Mizuho lifted their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Five analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $23.00.

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.