During the last session, CVR Energy Inc. (NYSE:CVI)’s traded shares were 2.94 million, with the beta value of the company hitting 1.52. At the end of the trading day, the stock’s price was $23.57, reflecting an intraday loss of -5.07% or -$1.26. The 52-week high for the CVI share is $41.26, that puts it down -75.05 from that peak though still a striking 2.33% gain since the share price plummeted to a 52-week low of $23.02. The company’s market capitalization is $2.39B, and the average intraday trading volume over the past 10 days was 1.2 million shares, and the average trade volume was 1.19 million shares over the past three months.
CVR Energy Inc. (CVI) received a consensus recommendation of an Underweight from analysts. That translates to a mean rating of 3.30. CVI has a Sell rating from 2 analyst(s) out of 7 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.07.
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CVR Energy Inc. (NYSE:CVI) trade information
CVR Energy Inc. (CVI) registered a -5.07% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.07% in intraday trading to $23.57 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -6.25%, and it has moved by -10.18% in 30 days. Based on these gigs, the overall price performance for the year is -18.25%. The short interest in CVR Energy Inc. (NYSE:CVI) is 4.4 million shares and it means that shorts have 3.53 day(s) to cover.
The consensus price target of analysts on Wall Street is $31.80, which implies an increase of 25.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29.00 and $36.00 respectively. As a result, CVI is trading at a discount of -52.74% off the target high and -23.04% off the low.
CVR Energy Inc. (CVI) estimates and forecasts
Statistics show that CVR Energy Inc. has underperformed its competitors in share price, compared to the industry in which it operates. CVR Energy Inc. (CVI) shares have gone down -42.32% during the last six months, with a year-to-date growth rate less than the industry average at -34.60% against -26.70. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -56.30% this quarter and then drop -56.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -12.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.4 billion as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $2.38 billion by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $3.14 billion and $2.4 billion respectively. In this case, analysts expect current quarter sales to shrink by -23.80% and then drop by -0.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 62.80%. While earnings are projected to return -39.90% in 2023.
CVR Energy Inc. is due to release its next quarterly earnings between July 31 and August 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for CVR Energy Inc. is 2.00, with the dividend yield indicating at 8.49 percent, continuing the trend of increasing dividends in recent years.
CVR Energy Inc. (NYSE:CVI)’s Major holders
CVR Energy Inc. insiders own 0.00% of total outstanding shares while institutional holders control 97.18%, with the float percentage being 97.18%. Icahn Carl C is the largest shareholder of the company, while 284 institutions own stock in it. As of Mar 30, 2023, the company held over 71.2 million shares (or 70.82% of all shares), a total value of $2.33 billion in shares.
The next largest institutional holding, with 4.65 million shares, is of Blackrock Inc.’s that is approximately 4.63% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $152.46 million.
Also, the Mutual Funds coming in first place with the largest holdings of CVR Energy Inc. (CVI) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2023 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF owns about 1.59 million shares. This amounts to just over 1.58 percent of the company’s overall shares, with a $50.45 million market value. The same data shows that the other fund manager holds slightly less at 0.92 million, or about 0.91% of the stock, which is worth about $28.68 million.