CVR Energy (NYSE:CVI) released its quarterly earnings results on Sunday. The oil and gas company reported ($1.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.45), MarketWatch Earnings reports. CVR Energy had a negative return on equity of 7.14% and a negative net margin of 3.29%.
NYSE CVI traded down $0.24 during trading hours on Tuesday, hitting $24.26. The company’s stock had a trading volume of 28,864 shares, compared to its average volume of 604,883. CVR Energy has a 52 week low of $9.81 and a 52 week high of $33.84. The company has a market capitalization of $2.44 billion, a PE ratio of -17.01 and a beta of 2.05. The company has a current ratio of 2.74, a quick ratio of 2.16 and a debt-to-equity ratio of 1.29. The company’s 50-day simple moving average is $18.48 and its two-hundred day simple moving average is $15.36.
Several brokerages recently weighed in on CVI. TheStreet downgraded CVR Energy from a “c” rating to a “d” rating in a research note on Monday, November 2nd. Scotiabank reduced their target price on CVR Energy from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 4th. Zacks Investment Research raised CVR Energy from a “sell” rating to a “hold” rating in a research note on Friday, January 8th. Credit Suisse Group upgraded CVR Energy from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 17th. Finally, Raymond James began coverage on shares of CVR Energy in a research report on Tuesday, December 15th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. CVR Energy currently has an average rating of “Hold” and a consensus target price of $19.20.
CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.
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