FY2025 Earnings Forecast for CVR Energy Issued By Scotiabank

CVR Energy, Inc. (NYSE:CVI) – Research analysts at Scotiabank raised their FY2025 earnings estimates for shares of CVR Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will earn $0.60 per share for the year, up from their prior estimate of ($0.10). The consensus estimate for CVR Energy’s current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for CVR Energy’s FY2026 earnings at $1.80 EPS.

A number of other brokerages have also recently weighed in on CVI. The Goldman Sachs Group reduced their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Mizuho raised their price objective on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 19th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Price Performance

NYSE:CVI opened at $19.99 on Monday. CVR Energy has a 52-week low of $15.60 and a 52-week high of $38.07. The company has a quick ratio of 0.86, a current ratio of 1.66 and a debt-to-equity ratio of 2.15. The business’s 50-day moving average price is $19.60 and its 200 day moving average price is $20.21. The firm has a market cap of $2.01 billion, a P/E ratio of 333.22 and a beta of 1.55.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion. CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%.

Institutional Investors Weigh In On CVR Energy

A number of institutional investors have recently modified their holdings of CVI. R Squared Ltd purchased a new stake in shares of CVR Energy during the fourth quarter worth $36,000. PNC Financial Services Group Inc. raised its stake in shares of CVR Energy by 55.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of CVR Energy during the 3rd quarter valued at about $43,000. Larson Financial Group LLC grew its stake in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 2,698 shares in the last quarter. Finally, FMR LLC increased its holdings in CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock worth $93,000 after buying an additional 2,049 shares during the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insider Activity

In related news, major shareholder Carl C. Icahn purchased 138,853 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $18.01 per share, for a total transaction of $2,500,742.53. Following the completion of the acquisition, the insider now owns 68,446,293 shares in the company, valued at $1,232,717,736.93. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 1,492,540 shares of company stock worth $27,049,928 over the last quarter. Corporate insiders own 0.01% of the company’s stock.

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.