CVR Energy (NYSE:CVI) announced its earnings results on Sunday. The oil and gas company reported ($1.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.16), MarketWatch Earnings reports. CVR Energy had a negative net margin of 3.29% and a negative return on equity of 7.14%.
NYSE:CVI traded down $0.40 during trading hours on Tuesday, hitting $22.07. The company had a trading volume of 772,969 shares, compared to its average volume of 609,701. The stock has a 50-day moving average price of $20.26 and a 200 day moving average price of $17.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.74 and a quick ratio of 2.16. The company has a market capitalization of $2.22 billion, a PE ratio of -15.33 and a beta of 2.05. CVR Energy has a 52 week low of $9.81 and a 52 week high of $27.02.
Several brokerages have recently issued reports on CVI. Citigroup upgraded shares of CVR Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $31.00 in a report on Monday, February 22nd. Credit Suisse Group upgraded shares of CVR Energy from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 17th. Scotiabank raised their target price on shares of CVR Energy from $17.00 to $23.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 2nd. Finally, Zacks Investment Research upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a report on Friday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.50.
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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