CVR Energy (NYSE:CVI) Issues Quarterly Earnings Results, Misses Estimates By $0.41 EPS

CVR Energy (NYSE:CVI) issued its quarterly earnings results on Monday. The oil and gas company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.41), Briefing.com reports. CVR Energy had a net margin of 6.39% and a return on equity of 25.00%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company’s revenue was down 27.3% on a year-over-year basis.

CVR Energy Trading Down 25.4 %

NYSE:CVI traded down $6.05 during trading hours on Tuesday, hitting $17.77. 4,019,017 shares of the stock were exchanged, compared to its average volume of 1,050,811. The company’s 50 day moving average is $23.85 and its two-hundred day moving average is $26.49. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $1.79 billion, a P/E ratio of 2.77 and a beta of 1.48. CVR Energy has a twelve month low of $17.52 and a twelve month high of $38.07.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Tudor, Pickering, Holt & Co. lowered CVR Energy from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. UBS Group lowered their price objective on CVR Energy from $33.75 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. JPMorgan Chase & Co. lowered their price objective on CVR Energy from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 2nd. Tudor Pickering upgraded CVR Energy to a “strong sell” rating in a research note on Monday, September 9th. Finally, Mizuho reduced their target price on CVR Energy from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $24.75.

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.