CVR Energy (NYSE:CVI) Stock Price Expected to Rise, Mizuho Analyst Says

CVR Energy (NYSE:CVI) had its price objective lifted by equities researchers at Mizuho from $32.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the oil and gas company’s stock. Mizuho’s price target would suggest a potential upside of 10.27% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of CVR Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Scotiabank boosted their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the company a “sector underperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group began coverage on shares of CVR Energy in a research report on Friday, April 10th. They issued a “sell” rating and a $30.00 price objective on the stock. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings cut shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, CVR Energy currently has an average rating of “Strong Sell” and an average target price of $32.50.

CVR Energy Trading Down 2.2%

Shares of NYSE CVI opened at $31.74 on Wednesday. The company’s fifty day moving average is $32.51 and its 200-day moving average is $29.33. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -73.81 and a beta of 0.83. CVR Energy has a twelve month low of $19.62 and a twelve month high of $41.67. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.70). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative return on equity of 22.36% and a negative net margin of 0.56%.The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.58) earnings per share. Equities research analysts predict that CVR Energy will post 1.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CVI. EverSource Wealth Advisors LLC increased its stake in shares of CVR Energy by 44.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,102 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 339 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of CVR Energy by 51.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,142 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 388 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of CVR Energy during the 4th quarter worth about $40,000. Exchange Traded Concepts LLC acquired a new position in shares of CVR Energy during the 4th quarter worth about $47,000. Finally, Horizon Investments LLC acquired a new position in shares of CVR Energy during the 4th quarter worth about $47,000. 98.88% of the stock is currently owned by institutional investors and hedge funds.

CVR Energy Company Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.