CVR Energy Inc. (CVI) Reaches New 52-Week Low at $13.01
CVR Energy Inc. (NYSE:CVI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.01 and last traded at $13.14, with a volume of 868,425 shares. The stock had previously closed at $13.91.
Several equities research analysts have recently issued reports on CVI shares. Piper Jaffray Cos. raised their price target on shares of CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday. Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a research note on Wednesday, April 27th.
The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of 46.56. The firm’s 50-day moving average price is $14.18 and its 200-day moving average price is $20.41.
CVR Energy (NYSE:CVI) last released its earnings results on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.27. The firm earned $1.28 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $1.17 EPS. CVR Energy’s revenue was down 21.0% compared to the same quarter last year. Equities research analysts predict that CVR Energy Inc. will post ($0.51) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 15.07%. The ex-dividend date of this dividend was Thursday, August 4th.
CVR Energy, Inc (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
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