CVR Energy (NYSE:CVI) Given New $20.00 Price Target at Mizuho

CVR Energy (NYSE:CVI) had its target price increased by Mizuho from $18.00 to $20.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the company. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Scotiabank cut their price target on 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. The Goldman Sachs Group lowered their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Friday, December 6th. JPMorgan Chase & Co. cut their target price on shares of CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd. Finally, StockNews.com lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a report on Saturday. Six analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat, CVR Energy has a consensus rating of “Reduce” and an average target price of $23.00.

CVR Energy Trading Down 2.0 %

CVI opened at $18.53 on Monday. The company has a market cap of $1.86 billion, a P/E ratio of 26.86 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. The company’s 50 day moving average is $20.17 and its 200-day moving average is $23.46. CVR Energy has a 1-year low of $15.60 and a 1-year high of $38.07.

CVR Energy (NYSE:CVI) last issued its 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). The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.91 billion. CVR Energy had a net margin of 0.89% and a return on equity of 2.88%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 EPS. Equities research analysts predict that CVR Energy will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of CVR Energy during the 2nd quarter worth about $221,000. SummerHaven Investment Management LLC lifted its holdings in shares of CVR Energy by 2.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 24,511 shares of the oil and gas company’s stock worth $656,000 after purchasing an additional 530 shares in the last quarter. Bank of New York Mellon Corp grew its position in CVR Energy by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 975,323 shares of the oil and gas company’s stock valued at $26,109,000 after purchasing an additional 3,134 shares during the period. TrueMark Investments LLC bought a new stake in CVR Energy during the 2nd quarter valued at $419,000. Finally, Empirical Finance LLC lifted its stake in shares of CVR Energy by 16.6% in the second quarter. Empirical Finance LLC now owns 19,837 shares of the oil and gas company’s stock valued at $531,000 after buying an additional 2,829 shares in the last quarter. 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.