CVR Energy Inc. (CVI) Stock Price Up 3.1%
CVR Energy Inc. (NYSE:CVI) shares rose 3.1% during trading on Friday . The stock traded as high as $14.04 and last traded at $13.83, with a volume of 551,253 shares traded. The stock had previously closed at $13.42.
CVI has been the subject of several research reports. Piper Jaffray Cos. upped their price objective on shares of CVR Energy from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, August 22nd. Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a report on Wednesday, June 29th.
The firm has a market capitalization of $1.20 billion and a P/E ratio of 48.56. The stock has a 50-day moving average of $14.05 and a 200 day moving average of $20.21.
CVR Energy (NYSE:CVI) last announced its earnings results on Thursday, July 28th. The company reported $0.33 EPS for the quarter, topping the Zacks’ 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 in the prior year, the firm posted $1.17 earnings per share. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. Equities research analysts anticipate that CVR Energy Inc. will post ($0.19) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $2.00 dividend on an annualized basis and a yield of 14.45%.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.