CVR Energy, Inc. (CVI) Given $48.00 Consensus Price Target by Analysts

CVR Energy, Inc. (NYSE:CVI) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $48.00 for the company, according to Zacks. Zacks has also given CVR Energy an industry rank of 113 out of 257 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on the company. ValuEngine lowered CVR Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Goldman Sachs Group upgraded CVR Energy from a “neutral” rating to a “buy” rating in a research report on Friday, September 7th. Finally, Citigroup began coverage on CVR Energy in a research report on Wednesday, October 31st. They issued a “buy” rating and a $48.00 price objective for the company.

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its position in CVR Energy by 500.7% in the second quarter. First Trust Advisors LP now owns 95,708 shares of the oil and gas company’s stock worth $3,540,000 after acquiring an additional 79,774 shares during the period. Cubist Systematic Strategies LLC purchased a new position in CVR Energy in the second quarter worth approximately $305,000. Bridgeworth LLC purchased a new position in CVR Energy in the second quarter worth approximately $166,000. Jane Street Group LLC purchased a new position in CVR Energy in the second quarter worth approximately $313,000. Finally, US Bancorp DE lifted its stake in CVR Energy by 16.4% during the second quarter. US Bancorp DE now owns 13,143 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 1,849 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Shares of CVI stock traded up $0.83 during trading hours on Friday, reaching $38.58. The company had a trading volume of 510,500 shares, compared to its average volume of 625,890. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.30 and a quick ratio of 1.59. The firm has a market capitalization of $3.87 billion, a PE ratio of 17.98 and a beta of 1.34. CVR Energy has a 12-month low of $28.14 and a 12-month high of $47.67.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $1.94 billion during the quarter. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 12th. Investors of record on Monday, November 5th were given a $0.75 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $3.00 annualized dividend and a yield of 7.78%.

About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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