CVR Energy Inc. (CVI) Shares Down 3.8%
CVR Energy Inc. (NYSE:CVI)’s share price traded down 3.8% during trading on Thursday . The company traded as low as $13.81 and last traded at $14.04, with a volume of 384,825 shares traded. The stock had previously closed at $14.59.
Several brokerages recently issued reports on CVI. Goldman Sachs Group Inc. reissued a “sell” rating on shares of CVR Energy in a report on Wednesday, June 29th. Piper Jaffray Cos. lifted their price target on shares of CVR Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Monday, August 22nd.
The stock’s 50-day moving average is $14.03 and its 200 day moving average is $19.81. The stock has a market capitalization of $1.22 billion and a PE ratio of 49.12.
CVR Energy (NYSE:CVI) last issued its earnings results on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.27. During the same quarter in the previous year, the firm posted $1.17 earnings per share. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.15 billion. CVR Energy’s quarterly revenue was down 21.0% on a year-over-year basis. On average, analysts predict that CVR Energy Inc. will post ($0.19) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were issued a dividend of $0.50 per share. 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 14.29%.
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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