CVR Energy Inc. (NYSE:CVI) had its target price decreased by Piper Jaffray Cos. from $10.00 to $9.00 in a research report sent to investors on Friday morning. Piper Jaffray Cos. currently has an underweight rating on the stock.

Separately, Goldman Sachs Group Inc. upgraded CVR Energy from a sell rating to a neutral rating and upped their price objective for the stock from $13.00 to $15.00 in a research report on Thursday, September 8th.

CVR Energy (NYSE:CVI) opened at 14.94 on Friday. CVR Energy has a one year low of $13.01 and a one year high of $48.37. The firm’s 50-day moving average price is $14.39 and its 200-day moving average price is $18.97. The company has a market cap of $1.30 billion, a PE ratio of 52.42 and a beta of 1.92.

CVR Energy (NYSE:CVI) last released its earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.27. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.15 billion. CVR Energy had a return on equity of 5.84% and a net margin of 0.54%. The company’s revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.17 EPS. On average, equities research analysts forecast that CVR Energy will post $0.39 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. BlackRock Advisors LLC increased its stake in shares of CVR Energy by 1.3% in the second quarter. BlackRock Advisors LLC now owns 7,783 shares of the company’s stock valued at $121,000 after buying an additional 99 shares in the last quarter. Lucus Advisors LLC increased its stake in shares of CVR Energy by 8.5% in the second quarter. Lucus Advisors LLC now owns 21,727 shares of the company’s stock valued at $337,000 after buying an additional 1,710 shares in the last quarter. Allen Investment Management LLC increased its stake in shares of CVR Energy by 10.8% in the first quarter. Allen Investment Management LLC now owns 24,887 shares of the company’s stock valued at $650,000 after buying an additional 2,433 shares in the last quarter. Princeton Alpha Management LP increased its stake in shares of CVR Energy by 31.3% in the second quarter. Princeton Alpha Management LP now owns 10,519 shares of the company’s stock valued at $163,000 after buying an additional 2,507 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of CVR Energy by 2.7% in the first quarter. Geode Capital Management LLC now owns 121,279 shares of the company’s stock valued at $3,164,000 after buying an additional 3,213 shares in the last quarter.

CVR Energy Company Profile

CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

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