CVR Energy (CVI) Projected to Post Earnings on Tuesday

CVR Energy (NYSE:CVI) is expected to be announcing its earnings results after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.85 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CVR Energy Trading Up 5.0 %

CVI opened at $19.27 on Tuesday. The firm has a 50 day simple moving average of $19.19 and a 200 day simple moving average of $21.54. CVR Energy has a fifty-two week low of $15.60 and a fifty-two week high of $38.07. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 27.92 and a beta of 1.57. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.33 and a quick ratio of 0.86.

Insider Transactions at CVR Energy

In other news, major shareholder Carl C. Icahn acquired 878,212 shares of CVR Energy stock in a transaction dated Wednesday, January 8th. The stock was bought at an average cost of $18.25 per share, with a total value of $16,027,369.00. Following the completion of the transaction, the insider now directly owns 67,570,593 shares of the company’s stock, valued at approximately $1,233,163,322.25. This represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CVI has been the subject of several recent research reports. Mizuho upped their target price on shares of CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price objective on CVR Energy from $24.00 to $21.00 and set a “sell” rating for the company in a report on Friday, December 6th. Finally, StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, CVR Energy presently has a consensus rating of “Reduce” and an average price target of $23.00.

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.