Investors are poised to add CVR Energy Inc. (CVI) Stock to their long term portfolios

A share price of CVR Energy Inc. [CVI] is currently trading at $34.64, up 3.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CVI shares have gain 6.26% over the last week, with a monthly amount glided 11.06%, and seem to be holding up well over a long-time horizon.

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On 21, November 2022, CVR Energy Announces Exploration of Potential Spin-Off of its Nitrogen Fertilizer Business. In a post published today on Yahoo Finance, CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that its board of directors (the “Board”) has authorized CVR Energy’s management to explore a potential spin-off of its interests in its nitrogen fertilizer business, which is owned by CVR Energy through the general and limited partner interests it holds in CVR Partners, LP (NYSE: UAN), a publicly traded limited partnership (“CVR Partners”). If effected, the potential spin-off would create a new public company to hold such interests and separate the nitrogen fertilizer business from CVR Energy’s refining and renewables businesses.

From an analyst’s perspective:

CVR Energy Inc. [NYSE: CVI] stock has seen the most recent analyst activity on September 15, 2022, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Scotiabank upgraded its rating to Sector Perform on January 13, 2022, and elevated its price target to $20. On January 07, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $25 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $19 on December 09, 2021. Credit Suisse upgraded its rating to a Neutral. Credit Suisse downgraded its rating to Underperform for this stock on October 28, 2021, and upped its price target to $20. In a note dated August 26, 2021, Citigroup downgraded an Neutral rating on this stock and revised its target price from $25.03 to $15.

CVR Energy Inc. experienced fluctuations in its stock price throughout the past year between $15.12 and $41.26. Currently, Wall Street analysts expect the stock to reach $32.75 within the next 12 months. CVR Energy Inc. [NYSE: CVI] shares were valued at $34.64 at the most recent close of the market. An investor can expect a potential drop of -5.46% based on the average CVI price forecast.

Analyzing the CVI fundamentals

During the last quarter, CVR Energy Inc. [NYSE:CVI] saw sales of 2.7 billion, an improvement of 43.30%. Gross Margin for this corporation currently stands at +3.49% with Operating Margin at +1.85%, Pretax Margin comes in at +0.91%, and Net Margin reading is +0.35%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.42 points at the first support level, and at 32.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.31, and for the 2nd resistance point, it is at 35.99.

CVR Energy Inc. [CVI] reported earnings per share of $2.45 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.3/share, meaning a difference of $0.15 and a surprise factor of 6.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.02 per share as compared to estimates of $0.02 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

A current ratio of 1.10 is a noteworthy aspect of CVR Energy Inc. [NYSE:CVI]. Further, the Quick Ratio stands at 0.77, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 3.06 and the P/E (TTM) ratio is 10.30.

Transactions by insiders

Insider trading, which has resulted in 18 insider purchases of 175,260 shares and 18 insider sales of 175,260 shares in the past three months, is now the topic of our analysis.