CVR Energy (CVI) Projected to Post Quarterly Earnings on Tuesday

CVR Energy (NYSE:CVI) will likely be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.85 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CVR Energy Stock Up 2.0 %

NYSE CVI opened at $18.58 on Friday. CVR Energy has a 52 week low of $15.60 and a 52 week high of $38.07. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.86 and a current ratio of 1.33. The stock has a market capitalization of $1.87 billion, a P/E ratio of 26.93 and a beta of 1.57. The stock has a fifty day moving average of $19.20 and a 200-day moving average of $21.35.

Insiders Place Their Bets

In other CVR Energy news, major shareholder Carl C. Icahn bought 878,212 shares of CVR Energy stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of $18.25 per share, for a total transaction of $16,027,369.00. Following the completion of the acquisition, the insider now owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.01% of the company’s stock.

Wall Street Analyst Weigh In

CVI has been the topic of several recent research reports. Mizuho raised their price target on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group reduced their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Five 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 stock presently has an average rating of “Reduce” and an average target price of $23.00.

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.