CVR Energy (NYSE:CVI) Announces Earnings Results, Misses Estimates By $0.45 EPS


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CVR Energy (NYSE:CVI) issued its quarterly earnings results on Sunday. The oil and gas company reported ($1.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.45), MarketWatch Earnings reports. CVR Energy had a negative net margin of 3.29% and a negative return on equity of 7.14%.

CVI traded down $0.25 during trading on Tuesday, reaching $24.25. The company’s stock had a trading volume of 1,360,301 shares, compared to its average volume of 626,523. The company has a quick ratio of 2.16, a current ratio of 2.74 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $18.48 and a two-hundred day simple moving average of $15.36. CVR Energy has a 1 year low of $9.81 and a 1 year high of $33.84. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -17.01 and a beta of 2.05.

CVI has been the topic of a number of research reports. TheStreet lowered shares of CVR Energy from a “c” rating to a “d” rating in a research note on Monday, November 2nd. Credit Suisse Group raised shares of CVR Energy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 17th. Zacks Investment Research raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 8th. Tudor Pickering raised shares of CVR Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, December 8th. Finally, Scotiabank decreased their target price on shares of CVR Energy from $20.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. CVR Energy presently has an average rating of “Hold” and a consensus price target of $19.20.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

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Earnings History for CVR Energy (NYSE:CVI)

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