CVR Energy (CVI) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

CVR Energy (NYSE:CVI) issued its quarterly earnings data on Wednesday. The oil and gas company reported $0.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.15), Bloomberg Earnings reports. The business had revenue of $1.74 billion for the quarter. CVR Energy had a return on equity of 11.10% and a net margin of 5.84%.

CVI stock traded down $0.40 during trading hours on Thursday, reaching $42.58. 363,133 shares of the stock were exchanged, compared to its average volume of 444,086. The stock has a market cap of $4.32 billion, a PE ratio of 19.94 and a beta of 1.25. The company has a current ratio of 2.30, a quick ratio of 1.59 and a debt-to-equity ratio of 0.63. CVR Energy has a 12 month low of $28.14 and a 12 month high of $47.67.

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Several brokerages recently commented on CVI. Wolfe Research began coverage on CVR Energy in a research note on Monday, January 28th. They set a “market perform” rating and a $38.00 price objective on the stock. Barclays started coverage on CVR Energy in a research note on Thursday, January 24th. They set an “underweight” rating and a $47.00 price objective on the stock. Tudor Pickering started coverage on CVR Energy in a report on Thursday, December 13th. They set a “hold” rating and a $40.00 target price for the company. Goldman Sachs Group cut CVR Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $47.00 to $45.00 in a report on Tuesday, November 6th. Finally, Citigroup started coverage on CVR Energy in a report on Wednesday, October 31st. They set a “buy” rating and a $48.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.60.

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About CVR Energy

CVR Energy, Inc, through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through, Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, pet coke, natural gas liquids, slurry, sulfur, gas oil, asphalt, jet fuel, and other products.

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