CVR Energy (NYSE:CVI) Downgraded to “Sell” Rating by StockNews.com

CVR Energy (NYSE:CVI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other brokerages have also recently commented on CVI. Tudor Pickering raised CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. decreased their target price on CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Tudor, Pickering, Holt & Co. cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Scotiabank reduced their price objective on shares of CVR Energy from $25.00 to $21.00 and set a “sector underperform” rating on the stock in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group cut their target price on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Friday, December 6th. Six research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, CVR Energy currently has an average rating of “Reduce” and a consensus target price of $24.00.

CVR Energy Stock Performance

Shares of NYSE:CVI opened at $18.91 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 27.41 and a beta of 1.57. The company has a current ratio of 1.33, a quick ratio of 0.86 and a debt-to-equity ratio of 1.84. CVR Energy has a 1-year low of $15.60 and a 1-year high of $38.07. The business has a 50-day moving average price of $20.30 and a two-hundred day moving average price of $23.52.

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

Institutional Trading of CVR Energy

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC raised its stake in shares of CVR Energy by 820.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,482 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,321 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in CVR Energy in the 3rd quarter valued at approximately $43,000. Future Financial Wealth Managment LLC bought a new stake in CVR Energy in the 3rd quarter valued at approximately $46,000. Larson Financial Group LLC lifted its stake in 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 acquiring an additional 2,698 shares in the last quarter. Finally, Quest Partners LLC lifted its stake in CVR Energy by 47.3% in the 2nd quarter. Quest Partners LLC now owns 3,485 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 1,119 shares in the last quarter. 98.88% of the stock is owned by institutional investors.

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.