Brokerages Set CVR Energy Inc. (NYSE:CVI) PT at $29.25

CVR Energy Inc. (NYSE:CVI) has been given a consensus recommendation of “Strong Sell” by the six research firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.25.

Several research firms recently weighed in on CVI. The Goldman Sachs Group boosted their price objective on CVR Energy from $19.00 to $25.00 and gave the stock a “sell” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CVR Energy in a research report on Thursday. Mizuho reaffirmed an “underperform” rating and set a $29.00 target price (up previously from $27.00) on shares of CVR Energy in a research report on Monday, September 15th. Finally, UBS Group set a $37.00 target price on shares of CVR Energy in a research note on Sunday, September 28th.

CVR Energy Stock Performance

NYSE:CVI opened at $37.12 on Friday. The firm has a market capitalization of $3.73 billion, a PE ratio of 22.64 and a beta of 1.21. CVR Energy has a 1 year low of $15.10 and a 1 year high of $41.67. The company has a current ratio of 1.17, a quick ratio of 0.75 and a debt-to-equity ratio of 2.78. The firm’s fifty day simple moving average is $35.59 and its 200 day simple moving average is $29.56.

CVR Energy (NYSE:CVI) last released its earnings results on Tuesday, September 2nd. The oil and gas company reported ($0.23) earnings per share for the quarter. The firm had revenue of $1.76 billion for the quarter. CVR Energy had a negative return on equity of 6.98% and a net margin of 2.26%. On average, sell-side analysts anticipate that CVR Energy will post -0.12 EPS for the current year.

Institutional Trading of CVR Energy

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in CVR Energy by 106.6% during the first quarter. GAMMA Investing LLC now owns 2,159 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 1,114 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in CVR Energy during the 2nd quarter valued at $248,000. American Century Companies Inc. increased its stake in shares of CVR Energy by 12.8% in the first quarter. American Century Companies Inc. now owns 782,012 shares of the oil and gas company’s stock valued at $15,171,000 after buying an additional 88,778 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CVR Energy by 14.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 894,193 shares of the oil and gas company’s stock valued at $17,347,000 after buying an additional 111,114 shares during the last quarter. Finally, Natixis Advisors LLC bought a new stake in shares of CVR Energy during the first quarter valued at approximately $321,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

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.