CVR Energy (NYSE:CVI) Issues Quarterly Earnings Results

CVR Energy (NYSE:CVI) issued its quarterly earnings results on Monday. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.09), Briefing.com reports. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.96 billion. CVR Energy had a return on equity of 40.24% and a net margin of 7.44%. CVR Energy’s revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS.

CVR Energy Trading Down 3.4 %

CVR Energy stock opened at $29.36 on Thursday. The stock has a 50-day moving average price of $34.35 and a 200 day moving average price of $32.80. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 4.50 and a beta of 1.59. CVR Energy has a 52 week low of $22.60 and a 52 week high of $39.36.

CVR Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend is Friday, May 10th. CVR Energy’s dividend payout ratio (DPR) is 30.67%.

Analyst Upgrades and Downgrades

CVI has been the subject of several recent analyst reports. StockNews.com downgraded CVR Energy from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Scotiabank raised their price target on CVR Energy from $25.00 to $29.00 and gave the stock a “sector underperform” rating in a report on Thursday, April 11th.

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.