CVR Energy Inc. (CVI) Reaches New 1-Year Low at $13.01
CVR Energy Inc. (NYSE:CVI)’s share price reached a new 52-week low on Monday . The stock traded as low as $13.01 and last traded at $13.14, with a volume of 868,425 shares trading hands. The stock had previously closed at $13.91.
Several equities analysts have weighed in on CVI shares. Goldman Sachs Group Inc. restated a “sell” rating on shares of CVR Energy in a report on Wednesday, April 27th. Piper Jaffray Cos. raised their price target on CVR Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Monday.
The firm has a 50-day moving average of $14.29 and a 200 day moving average of $20.83. The firm has a market cap of $1.14 billion and a PE ratio of 46.07.
CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.27. The company earned $1.28 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. The firm’s revenue was down 21.0% on a year-over-year basis. Analysts predict that CVR Energy Inc. will post ($0.51) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 15.31%. 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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