CVR Energy (NYSE: CVI) was downgraded by investment analysts at Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday.

Shares of CVR Energy opened at 59.54 on Wednesday. CVR Energy has a one year low of $23.54 and a one year high of $62.50. The stock’s 50-day moving average is currently $56.03. The company has a market cap of $5.170 billion and a P/E ratio of 12.92.

CVR Energy last posted its quarterly earnings results on Monday, March 11th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.31. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 77.1% on a year-over-year basis. Analysts expect that CVR Energy will post $7.33 EPS for the current fiscal year.

A number of other firms have also recently commented on CVI. Analysts at Zacks downgraded shares of CVR Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 12th. They now have a $61.40 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of CVR Energy from $50.00 to $60.00 in a research note to investors on Monday, February 11th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of CVR Energy from $30.00 to $50.00 in a research note to investors on Wednesday, January 9th. They now have a “hold” rating on the stock.

CVR Energy, Inc. (CVR Energy) is an independent petroleum refiner and marketer of transportation fuels.

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