CVR Energy (CVI) to Release Earnings on Monday

CVR Energy (NYSE:CVI) is scheduled to post its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect CVR Energy to post earnings of ($0.13) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

CVR Energy (NYSE:CVI) last released its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39. CVR Energy had a return on equity of 25.00% and a net margin of 6.39%. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the firm posted $1.64 EPS. The business’s revenue was down 12.0% on a year-over-year basis. On average, analysts expect CVR Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CVR Energy Trading Down 0.7 %

CVI stock opened at $24.52 on Monday. The business has a fifty day moving average price of $24.05 and a 200 day moving average price of $27.08. CVR Energy has a fifty-two week low of $21.05 and a fifty-two week high of $38.07. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 3.76 and a beta of 1.48. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.93.

CVR Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 8.16%. CVR Energy’s dividend payout ratio is 30.67%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Scotiabank decreased their price objective on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research report on Thursday, October 10th. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Mizuho decreased their price objective on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. decreased their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $24.75.

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.