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CVR Energy Inc. (CVI): Worth A Small Bite At $29.12

CVR Energy Inc. (NYSE:CVI) concluded the trading at $29.12 on Thursday, September 22 with a rise of 2.10% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $28.52 and 5Y monthly beta was reading 1.56 with its price kept floating in the range of $29.00 and $30.45 on the day. Company’s P/E ratio for the trailing 12 months is 8.89. Considering stock’s 52-week price range provides that CVI hit a high price of $40.23 and saw its price falling to a low level of $12.56 during that period. Over a period of past 1-month, stock came subtracting -15.08% in its value.

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With its current market valuation of $3.04 billion, CVR Energy Inc. is set to declare its quarterly results on May 02, 2022 – May 06, 2022. CVI Stock’s Forward Dividend of 1.60 and its yield of 5.49% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $1.87 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $5.62 for 2022 with estimates of that growing to $3.21 in next year. These estimates are suggesting current year growth of 704.30% for EPS and -42.90% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $2.45 billion. They suggested that in the process company could generate revenue of as low as $1.8 billion which could climb up to $2.82 billion to hit a high. The average estimate is representing an increase of 41.60% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $10.52 billion in 2022, which will be 45.20% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CVI stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.

According to ratings assigned by 6 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 4 of them are recommending CVR Energy Inc. (CVI) as a Hold, while 0 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 2 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the CVI stock which is currently positioned at 0. It further provides that stock’s current price level is -10.20% away from its 20-day simple moving average and is -6.12% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 40.14 while volatility remained at 5.16% over the past week which changes to 5.15% when measuring it over the past month. Beta is valued at 1.47, while measure of average true range or ATR is currently at 1.77.

In comparing CVR Energy Inc. (CVI)’s stock with other industry players reveals that stock’s current price change of 2.10% and that of 118.28% over the past 12 months is in competing position with that of Valero Energy Corporation (VLO) which saw its stock price raised by 1.95% in the last trading and went through an increase of 64.71% in past 12-month trading. Industry’s another major player HF Sinclair Corporation (DINO) has rise 3.46% up in previous session, but over the past year has faced a rise of 63.72%, while Delek US Holdings Inc. (DK) was also up 3.91% however its price remained floating in the green at 66.32% over the same period. CVR Energy Inc. has a P/E ratio of 8.89 against that of Valero Energy Corporation’s 6.17 while HF Sinclair Corporation is showing 6.85 for the same. On the other hand, the S&P 500 Index was down -0.84% in the last trading session while the Dow Jones Industrial closed the session lower at -0.35%.

Having a second look at CVR Energy Inc. (NYSE:CVI) provides that stock’s average daily trading volume for 3 months was 900.41K, while it jumped to 0.98 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 100.53 million.

The figures also indicate that as of Aug 30, 2022, number of stock’s short shares was 1.95 million which implies a short ratio of 2.31. This shows down a 1.93% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 2.28 million in the previous month. Addition of 87.76% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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