CVR Energy (NYSE:CVI) Stock Rating Upgraded by Tudor Pickering

CVR Energy (NYSE:CVI) was upgraded by research analysts at Tudor Pickering to a “strong sell” rating in a note issued to investors on Monday, Zacks.com reports.

A number of other research analysts also recently commented on the stock. Scotiabank lifted their price objective on shares of CVR Energy from $24.00 to $25.00 and gave the company a “sector underperform” rating in a research report on Wednesday, July 31st. UBS Group dropped their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 2nd. StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a research report on Sunday, June 16th. Finally, Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $27.00.

CVR Energy Stock Down 2.4 %

Shares of NYSE:CVI opened at $21.84 on Monday. The company has a 50 day moving average price of $25.21 and a two-hundred day moving average price of $29.17. The company has a market capitalization of $2.20 billion, a PE ratio of 3.35 and a beta of 1.49. CVR Energy has a 52 week low of $21.66 and a 52 week high of $38.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.39. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. CVR Energy’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 EPS. Analysts forecast that CVR Energy will post 0.55 earnings per share for the current year.

Institutional Trading of CVR Energy

Several large investors have recently bought and sold shares of CVI. Vanguard Group Inc. increased its holdings in shares of CVR Energy by 12.1% during the fourth quarter. Vanguard Group Inc. now owns 3,934,944 shares of the oil and gas company’s stock worth $119,229,000 after buying an additional 424,348 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in CVR Energy by 282.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 104,989 shares of the oil and gas company’s stock worth $3,181,000 after purchasing an additional 77,539 shares in the last quarter. BNP Paribas Financial Markets raised its position in CVR Energy by 29.0% in the fourth quarter. BNP Paribas Financial Markets now owns 123,088 shares of the oil and gas company’s stock valued at $3,730,000 after purchasing an additional 27,676 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of CVR Energy by 26.0% during the fourth quarter. Rafferty Asset Management LLC now owns 139,610 shares of the oil and gas company’s stock valued at $4,230,000 after purchasing an additional 28,797 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of CVR Energy during the first quarter worth about $754,000. 98.88% of the stock is owned by institutional investors and hedge funds.

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.