CVR Energy Inc. (CVI): What the Financials Tell Us ?

CVR Energy Inc. (NYSE:CVI) saw an upside of 4.74% to close Monday at $19.67 after adding $0.89 on the day. The 5-day average trading volume is 930,700 shares of the company’s common stock. It has gained $20.12 in the past week. An average of 838,300 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 832,340.

CVI’s 1-month performance is 47.23% or $6.31 on its low of $12.84 reached on 09/21/21. The company’s shares have touched a 52-week low of $7.76 and high of $21.38, with the stock’s rally to the 52-week high happening on 03/11/21. YTD, CVI has achieved 66.80% or $4.77. However, the current price is down -8.02%% from the 52-week high price.

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Valuation Metrics

CVR Energy Inc. (CVI) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector. The company’s PE ratio for the last five years has touched a high of 92.89 and a low of 4.011. CVI stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 4.09, with the price to cash flow ratio at 20.35.

It is projected that CVR Energy Inc.’s next ex-dividend date will be on 15-Dec. CVI is expected to distribute $1.768 as its next dividend.

CVR Energy Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.10 meaning that CVI stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.49, while the total debt to equity was 3.51. In terms of profitability, the gross margin trailing 12 months is 1.50%. The trailing 12-month EBITDA margin is -1.58% while for the period ending June 29; CVR Energy Inc.’s operating margin was -5.50%. The firm’s gross profit as reported stood at $69.0 million against revenue of $3.93 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CVI to announce -$0.6 per share in earnings in its latest quarter, but it posted -$0.32, representing a 46.70% surprise. EBITDA for the quarter stood at more than $78.0 million. CVI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.13 billion, with total debt at $1.73 billion. Shareholders hold equity totaling $100.53 million

Technical Picture

Let’s look briefly at CVR Energy Inc. (CVI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 86.82% to suggest the stock is trending Overbought, with historical volatility in this time period at 46.81%.

The stock’s 5-day moving average is $18.08, reflecting a +13.77% or $2.38 change from its current price. CVI is currently trading +41.41% above its 20-day SMA, -9.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +44.00% and +31.66% respectively.

Stochastic %K and %D was 96.30% and 95.13% and the average true range (ATR) pointed at 0.92. The RSI (14) points at 80.15%, while the 14-day stochastic is at 93.08% with the period’s ATR at 0.86. The stock’s 9-day MACD Oscillator is pointing at 1.23 and 1.87 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for CVR Energy Inc. (NYSE: CVI), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for CVI stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate CVI as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is CVI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $12.00 and a high of $19.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for CVR Energy Inc. (CVI) stock is $15.14.


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