CVR Energy, Inc. (NYSE:CVI) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of CVR Energy, Inc. (NYSE:CVI) have earned a consensus rating of “Strong Sell” from the seven analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.00.

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 2nd. StockNews.com cut CVR Energy from a “hold” rating to a “sell” rating in a research note on Saturday, December 14th. Scotiabank reduced their price objective 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. The Goldman Sachs Group dropped their price objective on shares of CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Finally, Mizuho lifted their target price on shares of CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, December 16th.

CVR Energy Trading Up 2.0 %

NYSE CVI opened at $18.97 on Friday. CVR Energy has a 12 month low of $15.60 and a 12 month high of $38.07. 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 stock has a 50 day moving average of $18.57 and a 200-day moving average of $22.34. The company has a market cap of $1.91 billion, a PE ratio of 27.49 and a beta of 1.58.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Monday, October 28th. The oil and gas company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.41). The firm 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 revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.89 EPS. On average, equities research analysts anticipate that CVR Energy will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 878,212 shares of the stock in a transaction on Wednesday, January 8th. The shares were purchased at an average price of $18.25 per share, for a total transaction of $16,027,369.00. Following the purchase, the insider now directly owns 67,570,593 shares in the company, valued at approximately $1,233,163,322.25. The trade was a 1.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.01% of the stock is owned by insiders.

Institutional Trading of CVR Energy

Several large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in CVR Energy by 14.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 639,138 shares of the oil and gas company’s stock worth $14,719,000 after buying an additional 81,590 shares in the last quarter. Barclays PLC boosted its position in shares of CVR Energy by 214.3% during the 3rd quarter. Barclays PLC now owns 78,030 shares of the oil and gas company’s stock worth $1,797,000 after acquiring an additional 53,203 shares in the last quarter. Royce & Associates LP increased its stake in CVR Energy by 58.1% in the third quarter. Royce & Associates LP now owns 101,043 shares of the oil and gas company’s stock valued at $2,327,000 after acquiring an additional 37,130 shares during the last quarter. State Street Corp raised its position in CVR Energy by 18.1% during the third quarter. State Street Corp now owns 2,075,058 shares of the oil and gas company’s stock valued at $47,789,000 after purchasing an additional 317,475 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in CVR Energy during the third quarter worth $5,335,000. 98.88% of the stock is owned by institutional investors and hedge funds.

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.