CVR Energy Inc [CVI] stock prices are up 6.64% to $34.70 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CVI shares have gain 7.76% over the last week, with a monthly amount drifted -2.14%, and not seem to be holding up well over a long-time horizon.
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On 20, February 2024, CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share. In a post published today on Yahoo Finance, Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion.
From an analyst’s perspective:
CVR Energy Inc [NYSE: CVI] stock has seen the most recent analyst activity on January 16, 2024, when Scotiabank downgraded its rating to a Sector Underperform. Previously, UBS started tracking the stock with Neutral rating on March 09, 2023, and set its price target to $36. On September 15, 2022, downgrade downgraded it’s rating to Peer Perform. Scotiabank upgraded its rating to a Sector Perform and increased its price target to $20 on January 13, 2022. Wolfe Research upgraded its rating to a Outperform but $25 remained the price target by the analyst firm on January 07, 2022. JP Morgan downgraded its rating to Underweight for this stock on December 09, 2021, but kept the price target unchanged to $19. In a note dated December 07, 2021, Credit Suisse upgraded an Neutral rating on this stock.
The stock price of CVR Energy Inc [CVI] has been fluctuating between $20.94 and $36.47 over the past year. CVR Energy Inc [NYSE: CVI] shares were valued at $34.70 at the most recent close of the market.
Analyzing the CVI fundamentals
The CVR Energy Inc [NYSE:CVI] reported sales of 9.25B for trailing twelve months, representing a drop of -17.81%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.95 and Total Capital is 0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.6.
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 33.68 points at the first support level, and at 32.65 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 35.91.
CVR Energy Inc [CVI] reported earnings per share of $0.65 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of $0.31 and a surprise factor of 91.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.89 per share as compared to estimates of $1.93 per share, a difference of -$0.04 representing a surprise of -2.10%.
Ratios To Look Out For
It’s worth pointing out that CVR Energy Inc [NYSE:CVI]’s Current Ratio is 1.30. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 4.12 and price to earnings (TTM) ratio is 4.53.
Transactions by insiders
Recent insider trading involved ICAHN CARL C, 10% Owner, that happened on Sep 11 ’23 when 4.1 million shares were sold. 10% Owner, ICAHN CARL C completed a deal on Aug 23 ’23 to sell 9529.0 shares. Meanwhile, 10% Owner ICAHN CARL C sold 0.13 million shares on Aug 22 ’23.
