FY2025 Earnings Estimate for CVR Energy Issued By Scotiabank

CVR Energy, Inc. (NYSE:CVI) – Scotiabank lifted their FY2025 earnings per share estimates for shares of CVR Energy in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn $0.60 per share for the year, up from their previous estimate of ($0.10). The consensus estimate for CVR Energy’s current full-year earnings is ($0.12) per share. Scotiabank also issued estimates for CVR Energy’s FY2026 earnings at $1.80 EPS.

CVR Energy (NYSE:CVI) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.12). CVR Energy had a net margin of 0.09% and a negative return on equity of 5.12%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.85 billion.

Several other equities research analysts also recently issued reports on the company. Mizuho raised their price target on CVR Energy from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded CVR Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their price target on CVR Energy from $24.00 to $21.00 and set a “sell” rating on the stock in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, CVR Energy currently has an average rating of “Reduce” and a consensus target price of $23.00.

CVR Energy Stock Performance

NYSE:CVI opened at $19.99 on Monday. The firm has a market capitalization of $2.01 billion, a PE ratio of 333.22 and a beta of 1.55. CVR Energy has a 1 year low of $15.60 and a 1 year high of $38.07. The company has a current ratio of 1.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.15. The firm’s fifty day simple moving average is $19.60 and its 200 day simple moving average is $20.21.

Institutional Investors Weigh In On CVR Energy

A number of hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in CVR Energy during the 4th quarter valued at $36,000. PNC Financial Services Group Inc. grew its stake in shares of CVR Energy by 55.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,052 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 731 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of CVR Energy during the 3rd quarter worth about $43,000. Larson Financial Group LLC increased its position in shares of CVR Energy by 640.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,119 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 2,698 shares in the last quarter. Finally, FMR LLC grew its stake in CVR Energy by 103.4% in the third quarter. FMR LLC now owns 4,031 shares of the oil and gas company’s stock valued at $93,000 after acquiring an additional 2,049 shares during the period. Institutional investors and hedge funds own 98.88% of the company’s stock.

Insider Buying and Selling at CVR Energy

In related news, major shareholder Carl C. Icahn acquired 3,610 shares of the business’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $18.24 per share, with a total value of $65,846.40. Following the completion of the acquisition, the insider now owns 67,574,203 shares in the company, valued at $1,232,553,462.72. The trade was a 0.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired 1,492,540 shares of company stock valued at $27,049,928 in the last 90 days. 0.01% of the stock is currently owned by company insiders.

CVR Energy Company Profile

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.