What Technical Indicators Show About CVR Energy Inc. (CVI)?


CVR Energy Inc. (NYSE:CVI) finished Friday with an addition of $0.09 to close at $31.34, an upside of 0.29 percent. An average of 701,960 shares of common stock have been traded in the last five days. There was a gain of $1.31 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 831,995 shares traded, while the 50-day average volume stands at 798,784.

CVI stock has decreased by -14.95% in the last month. The company shares reached their 1-month lowest point of $28.57 on 12/12/22. With the stock rallying to its 52-week high on 06/07/22, shares of the company touched a low of $14.79 and a high of $41.26 in 52 weeks. It has reached a new high 32 times so far this year and achieved 107.57% or $14.53 in price. In spite of this, the price is down -24.04% from the 52-week high.

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Valuation Metrics

CVR Energy Inc. (CVI) has a trailing price-to-earnings (P/E) ratio of 9.32. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.29, the price-to-book (PB) ratio at 5.63, and the price-to-cash flow ratio at 5.92.

The company has a payout ratio of 11.90%. The company’s most recent quarterly dividend payment was $1.40 a share, representing a down of -53.33% from $3.00 last year. Its latest decrease dividend $1.60 reported on Monday October 31 2022.

Financial Health

The quick ratio of CVR Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.83 and a total debt to equity ratio of 2.84 for the quarter ending June 29. Its gross profit as reported stood at $479.0 million compared to revenue of $7.24 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CVR Energy Inc.’s return on assets was 7.90%.

Earnings Surprise

For the three-month period that ended June 29, CVR Energy Inc. had $1.59 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $93.0 million in the quarter, while revenues were grew 9.68%. The analyst consensus anticipated CVR Energy Inc.’s latest quarter earnings to come in at $2.3 per share, but it turned out to be $2.45, a 6.50% surprise. For the quarter, EBITDA amounted to $178.0 million. Shareholders own equity worth $100.53 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CVR Energy Inc. (CVI) price momentum. RSI 9-day as of the close on 30 December was 48.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.61%.

As of today, CVI’s price is $31.18 +4.36% or $1.31 from its 5-day moving average. CVI is currently trading -15.62% lower than its 20-day SMA and -5.37% lower than its 100-day SMA. However, the stock’s current price level is -17.68% below the SMA50 and +52.88% above the SMA200.

The stochastic %K and %D were 58.52% and 58.81%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 69.08% and the average true range at 1.57, the RSI (14) stands at 44.74%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.29.

Analyst Ratings

Wolfe Research downgraded CVR Energy Inc. (NYSE: CVI) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for CVR Energy Inc. (CVI) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CVI, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $29.00 and $38.00, with a median target of $31.50. Taking a look at these predictions, the average price target given by analysts for CVR Energy Inc. (CVI) stock is $32.50.


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