CVR Energy (CVI) Scheduled to Post Quarterly Earnings on Monday

CVR Energy (NYSE:CVI) will be posting its quarterly earnings results after the market closes on Monday, July 29th. Analysts expect CVR Energy to post earnings of ($0.30) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

CVR Energy (NYSE:CVI) last posted its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.09). CVR Energy had a return on equity of 40.14% and a net margin of 7.44%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the company posted $1.44 EPS. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, analysts expect CVR Energy to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CVR Energy Stock Up 3.1 %

NYSE:CVI opened at $27.40 on Friday. The stock’s fifty day moving average price is $26.76 and its two-hundred day moving average price is $30.90. CVR Energy has a 52-week low of $23.93 and a 52-week high of $39.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.49. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 4.20 and a beta of 1.54.

CVR Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.30%. The ex-dividend date was Friday, May 10th. CVR Energy’s dividend payout ratio is 30.67%.

Wall Street Analyst Weigh In

CVI has been the topic of several research reports. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a report on Sunday, June 16th. UBS Group cut their price target on CVR Energy from $37.00 to $33.75 and set a “neutral” rating on the stock in a research note on Tuesday, May 14th. Scotiabank cut their price target on CVR Energy from $29.00 to $24.00 and set a “sector underperform” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. cut their price target on CVR Energy from $30.00 to $26.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 2nd. Finally, Mizuho started coverage on CVR Energy in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $27.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.35.

About CVR Energy

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.