The stock of CVR Energy, Inc. (NYSE:CVI) hit a new 52-week low and has $12.45 target or 5.00% below today’s $13.11 share price. The 8 months bearish chart indicates high risk for the $1.04 billion company. The 1-year low was reported on Oct, 28 by Barchart.com. If the $12.45 price target is reached, the company will be worth $52.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 828,253 shares traded hands or 11.64% up from the average. CVR Energy, Inc. (NYSE:CVI) has declined 47.67% since March 28, 2016 and is downtrending. It has underperformed by 52.38% the S&P500.
Analysts await CVR Energy, Inc. (NYSE:CVI) to report earnings on November, 3.
CVR Energy, Inc. (NYSE:CVI) Ratings Coverage
Out of 2 analysts covering CVR Energy (NYSE:CVI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. CVR Energy has been the topic of 5 analyst reports since January 26, 2016 according to StockzIntelligence Inc. Piper Jaffray upgraded the shares of CVI in a report on Monday, October 10 to “Neutral” rating. As per Friday, September 9, the company rating was upgraded by Goldman Sachs. The rating was maintained by Piper Jaffray with “Underweight” on Monday, August 22. The stock has “Underweight” rating given by Piper Jaffray on Friday, September 16.
According to Zacks Investment Research, “Headquartered in Sugar Land, Texas, CVR ENERGY, INC. is an independent refiner and marketer of high value transportation fuels and, through a limited partnership, a producer of ammonia and urea ammonia nitrate fertilizers. CVR Energy’s petroleum business includes full-coking sour crude refinery in Coffeyville, Kan. In addition, CVR Energy’s supporting businesses include a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska; storage and terminal facilities for asphalt and refined fuels in Phillipsburg, Kan.; and a rack marketing division supplying product to customers through tanker trucks and at throughput terminals.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.32, from 1.07 in 2016Q1. The ratio improved, as 28 funds sold all CVR Energy, Inc. shares owned while 34 reduced positions. 26 funds bought stakes while 60 increased positions. They now own 85.98 million shares or 2.92% less from 88.57 million shares in 2016Q1.
Aperio Limited Liability Com holds 0% or 19,410 shares in its portfolio. Verition Fund Ltd Com owns 15,427 shares or 0.03% of their US portfolio. Princeton Alpha Mgmt Lp last reported 10,519 shares in the company. Blackrock Advsr Ltd Liability holds 0% or 7,783 shares in its portfolio. Teachers Advisors, a New York-based fund reported 25,489 shares. Tfs Ltd, a Pennsylvania-based fund reported 71,217 shares. Moreover, Legal And General Group Inc Public Limited Liability Co has 0% invested in CVR Energy, Inc. (NYSE:CVI) for 8,542 shares. Moreover, Css Ltd Liability Corp Il has 0.01% invested in CVR Energy, Inc. (NYSE:CVI) for 11,797 shares. North Star Mgmt reported 1,200 shares or 0% of all its holdings. Schroder Gp last reported 0.02% of its portfolio in the stock. Signaturefd Ltd owns 47 shares or 0% of their US portfolio. Systematic Lp has invested 0.02% of its portfolio in CVR Energy, Inc. (NYSE:CVI). Guggenheim Capital Ltd Limited Liability Company accumulated 120,242 shares or 0.01% of the stock. Credit Suisse Ag last reported 129,767 shares in the company. Barclays Public Ltd owns 22,497 shares or 0% of their US portfolio.
More notable recent CVR Energy, Inc. (NYSE:CVI) news were published by: Fool.com which released: “How Safe Is CVR Energy, Inc. Stock?” on April 06, 2016, also Fool.com with their article: “The Biggest Problem With CVR Energy, Inc. Stock” published on March 22, 2016, Bloomberg.com published: “Delek Surges on Report CVR Energy Prepares Refiner Takeover” on August 12, 2016. More interesting news about CVR Energy, Inc. (NYSE:CVI) were released by: Prnewswire.com and their article: “CVR Energy Announces 2016 Third Quarter Earnings Call” published on October 13, 2016 as well as Forbes.com‘s news article titled: “CVR Energy Becomes Oversold” with publication date: July 27, 2016.
CVI Company Profile
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Firm engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business divisions: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. The Company’s Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
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