Does CVR Energy Inc. (CVI) offer a good opportunity for investors?

CVR Energy Inc. (NYSE: CVI) stock fell -5.07% on Thursday to $23.57 against a previous-day closing price of $24.83. With 2.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.19 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $24.35 whereas the lowest price it dropped to was $22.60. The 52-week range on CVI shows that it touched its highest point at $41.26 and its lowest point at $23.02 during that stretch. It currently has a 1-year price target of $32.33. With its current market cap of 2.39 billion, CVI has annualized dividend of $2.00 while the current yield stands at 8.49%. Beta for the stock currently stands at 1.52.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVI was down-trending over the past week, with a drop of -6.25%, but this was down by -10.18% over a month. Three-month performance dropped to -25.36% while six-month performance fell -42.32%. The stock lost -18.25% in the past year, while it has lost -24.79% so far this year. A look at the trailing 12-month EPS for CVI yields 5.62 with Next year EPS estimates of 1.86. For the next quarter, that number is 1.04. This implies an EPS growth rate of -39.90% for this year and -48.70% for next year.

Float and Shares Shorts:

At present, 100.50 million CVI shares are outstanding with a float of 29.32 million shares on hand for trading. On May 14, 2023, short shares totaled 4.4 million, which was 4.38% higher than short shares on Apr 13, 2023. In addition to Mr. David L. Lamp as the firm’s Pres, CEO & Director, Mr. Dane J. Neumann serves as its Exec. VP, CFO, Treasurer & Assistant Sec.

Institutional Ownership:

Through their ownership of 97.18% of CVI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 80.88% of CVI, in contrast to 79.07% held by mutual funds. Shares owned by individuals account for 18.31%. As the largest shareholder in CVI with 70.82% of the stake, Icahn Associates Holding LLC holds 71,198,718 shares worth 71,198,718. A second-largest stockholder of CVI, BlackRock Fund Advisors, holds 4,371,450 shares, controlling over 4.35% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CVI, holding 3,548,572 shares or 3.53% stake. With a 2.11% stake in CVI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,118,657 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 1.32% of CVI stock, is the second-largest Mutual Fund holder. It holds 1,321,911 shares valued at 34.82 million. Vanguard Total Stock Market ETF holds 0.93% of the stake in CVI, owning 936,117 shares worth 24.66 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CVI reported revenue of $3.14B and operating income of $402.00M. The EBITDA in the recently reported quarter was $330.00M and diluted EPS was $1.64.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CVI analysts setting a high price target of $36.00 and a low target of $29.00, the average target price over the next 12 months is $31.80. Based on these targets, CVI could surge 52.74% to reach the target high and rise by 23.04% to reach the target low. Reaching the average price target will result in a growth of 34.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded CVI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 21 over the past year. The total number of shares bought during that period was 183,092 while 183,092 shares were sold.

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