CVR Energy Inc (NYSE: CVI) has reported E.P.S. of $0.21 for its second fiscal quarter (ending June 30) versus $1.29 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.44 compared to $5.26 a year ago.
Recent Price Action
CVR Energy Inc (NYSE: CVI) stock closed at $26.92 on 7/29/24 after a modest decline of -1.8%. Moreover, unusually high trading volume at 176% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 9.1% during the last week.
Current PriceTarget Research Rating
CVI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
CVR Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CVR Energy has a neutral Appreciation Score of 53 but a poor Power Rating of 24, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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