CVR Energy (NYSE:CVI) Shares Up 7.4% – What’s Next?

CVR Energy Inc. (NYSE:CVI) rose 7.4% on Wednesday . The stock traded as high as $24.62 and last traded at $24.54. Approximately 257,222 shares were traded during trading, a decline of 82% from the average daily volume of 1,430,405 shares. The stock had previously closed at $22.85.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CVI. Weiss Ratings restated a “hold (c)” rating on shares of CVR Energy in a research report on Monday, December 29th. Scotiabank restated an “underperform” rating on shares of CVR Energy in a research note on Thursday, October 9th. The Goldman Sachs Group increased their target price on shares of 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 raised CVR Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, UBS Group set a $37.00 price target on CVR Energy in a research report on Sunday, September 28th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average price target of $29.25.

CVR Energy Trading Up 9.6%

The company has a quick ratio of 1.28, a current ratio of 1.96 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $2.52 billion, a P/E ratio of 15.28 and a beta of 1.14. The firm’s 50-day simple moving average is $29.56 and its 200 day simple moving average is $31.21.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.20. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.82 billion. CVR Energy had a net margin of 2.26% and a negative return on equity of 6.43%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.50) EPS. Equities research analysts anticipate that CVR Energy Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new position in CVR Energy during the fourth quarter worth about $47,000. SG Americas Securities LLC increased its holdings in CVR Energy by 3.1% in the fourth quarter. SG Americas Securities LLC now owns 28,848 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 873 shares during the period. JPMorgan Chase & Co. raised its position in CVR Energy by 38.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 380,127 shares of the oil and gas company’s stock worth $13,867,000 after purchasing an additional 106,350 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of CVR Energy during the third quarter worth about $22,217,000. Finally, Advisory Services Network LLC bought a new stake in CVR Energy in the third quarter valued at approximately $428,000. Institutional investors and hedge funds own 98.88% of the company’s stock.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.