CVR Energy (CVI) to Release Earnings on Monday

CVR Energy (NYSE:CVI) is set to release its earnings data after the market closes on Monday, October 28th. Analysts expect CVR Energy to post earnings of ($0.13) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.39. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. 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 Stock Down 0.8 %

Shares of CVI opened at $23.75 on Friday. The company has a 50-day simple moving average of $23.89 and a 200-day simple moving average of $26.63. The firm has a market capitalization of $2.39 billion, a P/E ratio of 3.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 1.46. CVR Energy has a 52 week low of $21.05 and a 52 week high of $38.07.

CVR Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend was Monday, August 12th. CVR Energy’s dividend payout ratio is currently 30.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CVI. UBS Group cut 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 report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Wednesday, October 2nd. Scotiabank dropped their price target on shares of 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. Mizuho dropped their price target on shares of CVR Energy from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Tudor, Pickering, Holt & Co. lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $24.75.

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.