CVR Energy (NYSE:CVI) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

CVR Energy (NYSE:CVI) issued its quarterly earnings results on Monday. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09), Briefing.com reports. CVR Energy had a return on equity of 55.17% and a net margin of 8.32%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year.

CVR Energy Stock Down 0.3 %

CVI stock opened at $33.12 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.94 and a debt-to-equity ratio of 1.52. The company’s 50-day moving average price is $34.44 and its 200 day moving average price is $32.80. CVR Energy has a 52 week low of $22.60 and a 52 week high of $39.36. The company has a market cap of $3.33 billion, a P/E ratio of 4.33 and a beta of 1.57.

CVR Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $0.50 dividend. The ex-dividend date was Friday, March 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.04%. CVR Energy’s dividend payout ratio is presently 26.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CVI shares. Scotiabank increased their price target on CVR Energy from $25.00 to $29.00 and gave the company a “sector underperform” rating in a report on Thursday, April 11th. StockNews.com downgraded shares of CVR Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd.

CVR Energy Company Profile

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.