CVR Energy (NYSE:CVI) Stock Rating Upgraded by StockNews.com

CVR Energy (NYSE:CVI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts also recently issued reports on CVI. Scotiabank lowered their price target on CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating for the company in a research report on Thursday, October 10th. Tudor Pickering raised shares of CVR Energy to a “strong sell” rating in a research report on Monday, September 9th. Tudor, Pickering, Holt & Co. cut shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. UBS Group decreased their price objective on shares of CVR Energy from $33.75 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. Finally, Mizuho cut their target price on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $24.00.

CVR Energy Trading Up 2.5 %

NYSE CVI opened at $18.78 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of 27.22 and a beta of 1.57. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86. The company has a 50-day moving average of $20.76 and a 200-day moving average of $23.92.

CVR Energy (NYSE:CVI) last issued its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.41). CVR Energy had a return on equity of 2.88% and a net margin of 0.89%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the company posted $1.89 EPS. The business’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities analysts predict that CVR Energy will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On CVR Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its stake in shares of CVR Energy by 820.5% during the second quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 1,321 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy during the 3rd quarter valued at approximately $43,000. Future Financial Wealth Managment LLC purchased a new stake in CVR Energy during the 3rd quarter worth approximately $46,000. Larson Financial Group LLC raised its position 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 purchasing an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of CVR Energy by 47.3% during the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after buying an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 98.88% of the company’s stock.

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.