CVR Energy (NYSE:CVI) Announces Quarterly Earnings Results

CVR Energy (NYSE:CVI) announced its earnings results on Tuesday. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.12), Zacks reports. CVR Energy had a return on equity of 2.88% and a net margin of 0.89%.

CVR Energy Price Performance

CVI traded down $0.10 on Tuesday, hitting $18.47. 1,425,230 shares of the company’s stock traded hands, compared to its average volume of 839,309. The company’s 50 day simple moving average is $19.16 and its 200-day simple moving average is $21.17. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 26.76 and a beta of 1.57. CVR Energy has a one year low of $15.60 and a one year 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.

Insider Activity at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of CVR Energy stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of $18.25 per share, with a total value of $16,027,369.00. Following the purchase, the insider now directly owns 67,570,593 shares in the company, valued at $1,233,163,322.25. The trade was a 1.32 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CVI shares. The Goldman Sachs Group dropped their target price on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Mizuho raised their target price on CVR Energy from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, StockNews.com raised CVR Energy from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $23.00.

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.