Piper Jaffray Maintains CVR Energy to Underweight with Price Target $10.00

Brokerage firm Piper Jaffray Maintains its rating on CVR Energy(NYSE:CVI). In a research note issued to the investors, the brokerage major Raises the price-target to $10.00 per share. The shares have been rated Underweight. The rating by Piper Jaffray was issued on Sep 16, 2016.

In a different note, On Sep 9, 2016, Goldman Sachs said it Upgrades its rating on CVR Energy. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 22, 2016, Piper Jaffray said it Maintains its rating on CVR Energy. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Underweight’ by the firm.

CVR Energy (CVI) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.67% at a volume of 7,18,688. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.2693. The peak price level was also seen at $15.2693 while the days lowest was $14.8. Finally the shares closed at $14.84. The 52-week high of the shares is $48.37 while the 52-week low is $13.01. According to the latest information available, the market cap of the company is $1,289 M.

CVR Energy(CVI) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.28B. Analysts had an estimated revenue of $1.15B. Earnings per share were $0.20. Analysts had estimated an EPS of $0.06.

CVR Energy Inc. is a holding company. The Company 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). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. In addition the Company through its majority owned subsidiaries produces and markets nitrogen fertilizer products in North America. It operates in two segments: the petroleum segment and the nitrogen fertilizer segment. 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 a nitrogen fertilizer facility in Coffeyville Kansas.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

CVR Energy - Is it time to Sell?

Top Brokerage Firms are advising their investors on CVR Energy. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.