The price of CVR Energy Inc. (NYSE:CVI) shares last traded on Wall Street rose 1.74% to $36.75.
Based on available information, 7 analysts follow CVR Energy Inc. (NYSE:CVI). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $28.00, we find $31.00. Given the previous closing price of $36.12, this indicates a potential downside of -14.17 percent. CVI stock price is now 26.08% away from the 50-day moving average and 16.71% away from the 200-day moving average. The market capitalization of the company currently stands at $3.57B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 5 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $30.80 as their price target over the next twelve months.
With the price target of $36, UBS recently initiated with Neutral rating for CVR Energy Inc. (NYSE: CVI).
Insiders disposed of 186,791 shares of company stock worth roughly $6.86 million over the past 1 year.
There have been several recent changes in the stakes of large investors in CVI stock. A new stake in CVR Energy Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $64,051,000. ENCOMPASS CAPITAL ADVISORS LLC invested $6,090,000 in shares of CVI during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in CVR Energy Inc. valued at approximately $5,140,000. SQUAREPOINT OPS LLC acquired a new stake in CVI for approximately $2,896,000. THRIVENT FINANCIAL FOR LUTHERANS purchased a new stake in CVI valued at around $1,974,000 in the second quarter.
A candlestick chart of CVR Energy Inc. (NYSE: CVI) showed a price of $36.42 on Wednesday morning. During the past 12 months, CVR Energy Inc. has had a low of $22.60 and a high of $41.26. As of last week, the company has a debt-to-equity ratio of 2.36, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for CVI is $29.38 and a two-hundred day moving average price translates $31.60 for the stock.
According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $1.65, beating analysts’ expectations of $1.21 by 0.44. This compares to $2.38 EPS in the same period last year. The net profit margin was 5.20% and return on equity was 89.20% for CVI. The company reported revenue of $2.24 billion for the quarter, compared to $3.14 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.88 percent. For the current quarter, analysts expect CVI to generate $2.26B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/21/2023. Investors who held shares on 08/14/2023 were paid a $0.50 dividend. On an annualized basis, this represents a $2.00 dividend and a 5.44% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, CVI is presently at 23.10%.
