CVR Energy Inc. (CVI) Shares Up 3.1%
CVR Energy Inc. (NYSE:CVI)’s share price shot up 3.1% during mid-day trading on Friday . The stock traded as high as $14.04 and last traded at $13.83, with a volume of 551,253 shares trading hands. The stock had previously closed at $13.42.
Several research firms have recently issued reports on CVI. Piper Jaffray Cos. raised their price target on shares of CVR Energy from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday. Goldman Sachs Group Inc. reiterated a “sell” rating on shares of CVR Energy in a research report on Wednesday, June 29th.
The firm has a 50 day moving average of $14.06 and a 200-day moving average of $20.31. The stock has a market capitalization of $1.20 billion and a P/E ratio of 48.56.
CVR Energy (NYSE:CVI) last released its quarterly 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. During the same period in the prior year, the firm earned $1.17 EPS. The company earned $1.28 billion during the quarter, compared to analysts’ expectations of $1.15 billion. CVR Energy’s quarterly revenue was down 21.0% on a year-over-year basis. On average, equities analysts anticipate that CVR Energy Inc. will post ($0.51) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were paid 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).
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