CVR Energy Inc. (NYSE:CVI) Receives $29.25 Average Price Target from Brokerages

Shares of CVR Energy Inc. (NYSE:CVI) have been given an average recommendation of “Strong Sell” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $29.25.

A number of research analysts have recently weighed in on the stock. Mizuho reissued an “underperform” rating and set a $29.00 price objective (up from $27.00) on shares of CVR Energy in a research note on Monday, September 15th. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank reissued an “underperform” rating on shares of CVR Energy in a report on Thursday, October 9th. UBS Group set a $37.00 price objective on CVR Energy in a research report on Sunday, September 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CVR Energy in a research note on Monday, December 1st.

Hedge Funds Weigh In On CVR Energy

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in CVR Energy by 5.7% during the first quarter. Cetera Investment Advisers now owns 26,404 shares of the oil and gas company’s stock worth $512,000 after acquiring an additional 1,415 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of CVR Energy during the first quarter worth $321,000. Vanguard Group Inc. boosted its holdings in shares of CVR Energy by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,159,992 shares of the oil and gas company’s stock worth $80,704,000 after purchasing an additional 24,677 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CVR Energy by 14.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock valued at $17,347,000 after purchasing an additional 111,114 shares during the period. Finally, Nuveen LLC acquired a new position in CVR Energy in the first quarter valued at $1,756,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Trading Down 1.6%

Shares of CVI stock opened at $33.52 on Wednesday. The stock has a market cap of $3.37 billion, a P/E ratio of 20.44 and a beta of 1.10. The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. CVR Energy has a fifty-two week low of $15.10 and a fifty-two week high of $41.67. The business has a fifty day simple moving average of $35.99 and a 200-day simple moving average of $31.05.

CVR Energy (NYSE:CVI) last issued its quarterly earnings data on Tuesday, September 2nd. The oil and gas company reported ($0.23) EPS for the quarter. The business had revenue of $1.76 billion during the quarter. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. On average, analysts forecast that CVR Energy will post -0.12 earnings per share for the current fiscal year.

About CVR Energy

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.