CVR Energy, Inc. (NYSE:CVI – Get Free Report) has been given a consensus recommendation of “Strong Sell” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.80.
Several equities analysts have weighed in on CVI shares. UBS Group cut their target price on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 13th. Scotiabank boosted their target price on CVR Energy from $24.00 to $25.00 and gave the stock a “sector underperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, July 2nd. StockNews.com cut shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Sunday, June 16th. Finally, Mizuho initiated coverage on shares of CVR Energy in a report on Wednesday, July 17th. They set a “neutral” rating and a $27.00 price objective for the company.
Check Out Our Latest Report on CVR Energy
Institutional Inflows and Outflows
CVR Energy Stock Up 0.6 %
Shares of CVR Energy stock opened at $25.83 on Friday. The stock has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $30.40. CVR Energy has a 52-week low of $23.80 and a 52-week high of $38.07. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 3.96 and a beta of 1.54. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.46 and a quick ratio of 0.91.
CVR Energy (NYSE:CVI – Get Free Report) last posted its earnings results on Monday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.30) by $0.39. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.80 billion. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 earnings per share. On average, equities research analysts expect that CVR Energy will post 0.25 earnings per share for the current fiscal year.
CVR Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, August 12th. CVR Energy’s dividend payout ratio (DPR) is presently 30.67%.
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.
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