CVR Energy (NYSE:CVI) Posts Earnings Results, Misses Estimates By $0.31 EPS

CVR Energy (NYSE:CVI) posted its quarterly earnings data on Wednesday. The oil and gas company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.31), FiscalAI reports. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.70 billion. CVR Energy had a negative return on equity of 6.43% and a net margin of 2.26%.

CVR Energy Price Performance

CVI traded down $0.19 during trading on Wednesday, reaching $22.33. 1,077,747 shares of the company were exchanged, compared to its average volume of 1,289,301. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 13.62 and a beta of 1.16. CVR Energy has a 12-month low of $15.10 and a 12-month high of $41.67. The company’s 50-day moving average is $25.00 and its two-hundred day moving average is $30.41.

Hedge Funds Weigh In On CVR Energy

Several hedge funds have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in CVR Energy in the 4th quarter worth approximately $40,000. Quarry LP purchased a new stake in shares of CVR Energy in the third quarter worth $50,000. Raymond James Financial Inc. purchased a new stake in shares of CVR Energy in the second quarter worth $53,000. BNP Paribas Financial Markets boosted its stake in CVR Energy by 48.0% during the second quarter. BNP Paribas Financial Markets now owns 3,633 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 1,178 shares during the period. Finally, Quantbot Technologies LP bought a new position in CVR Energy in the 2nd quarter worth about $114,000. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analyst Upgrades and Downgrades

CVI has been the subject of several research analyst reports. Wall Street Zen upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group raised their target price on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and an average target price of $29.25.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.