CVR Energy, Inc. (NYSE:CVI) Receives $45.25 Consensus Price Target from Brokerages

CVR Energy, Inc. (NYSE:CVI) has been assigned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.25.

CVI has been the subject of a number of research analyst reports. Scotiabank initiated coverage on shares of CVR Energy in a research note on Thursday, August 15th. They issued an “underperform” rating for the company. Citigroup cut shares of CVR Energy from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Friday, June 21st. Goldman Sachs Group cut shares of CVR Energy from a “neutral” rating to a “sell” rating and set a $48.00 target price for the company. in a research note on Monday, July 29th. Finally, Tudor Pickering upgraded shares of CVR Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

A number of hedge funds have recently bought and sold shares of CVI. Nuveen Asset Management LLC bought a new position in CVR Energy in the 2nd quarter worth approximately $25,587,000. BlackRock Inc. raised its position in CVR Energy by 29.9% in the 2nd quarter. BlackRock Inc. now owns 2,116,067 shares of the oil and gas company’s stock worth $105,782,000 after purchasing an additional 486,569 shares during the last quarter. Renaissance Technologies LLC raised its position in CVR Energy by 35.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,815,641 shares of the oil and gas company’s stock worth $90,764,000 after purchasing an additional 472,200 shares during the last quarter. KBC Group NV raised its position in CVR Energy by 181.9% in the 2nd quarter. KBC Group NV now owns 452,791 shares of the oil and gas company’s stock worth $22,635,000 after purchasing an additional 292,161 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in CVR Energy in the 2nd quarter worth approximately $9,635,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Shares of NYSE:CVI traded down $0.20 during trading on Friday, reaching $43.75. The stock had a trading volume of 307,468 shares, compared to its average volume of 538,198. CVR Energy has a 52 week low of $30.46 and a 52 week high of $55.52. The business’s 50-day moving average price is $42.20 and its 200 day moving average price is $45.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.40 and a quick ratio of 1.59. The stock has a market capitalization of $4.31 billion, a PE ratio of 10.92 and a beta of 1.39.

CVR Energy (NYSE:CVI) last posted its earnings results on Wednesday, July 24th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. CVR Energy had a net margin of 5.68% and a return on equity of 21.99%. The company had revenue of $1.69 billion during the quarter.

CVR Energy Company Profile

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.

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Analyst Recommendations for CVR Energy (NYSE:CVI)

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