Last Updated: 19 Sep 2024
Executive Summary
CVR Energy Inc. (CVI) is a publicly traded company engaged in petroleum refining and nitrogen fertilizer manufacturing in the United States. The company has a market capitalization of $2.39 billion and trades on the New York Stock Exchange. The latest stock price is $23.93. CVI has a strong financial position with positive EBITDA, EPS, and return on assets. The company's revenue and earnings have grown in recent quarters, and analysts have a hold rating on the stock.
Company Overview
CVR Energy Inc. is headquartered in Sugar Land, Texas. The company operates two refineries in Kansas and Oklahoma, and it has a nitrogen fertilizer manufacturing facility in Iowa. CVI's products include gasoline, diesel fuel, jet fuel, and nitrogen fertilizer. The company sells its products to wholesalers, retailers, and end-users in the United States.
Fundamental Analysis
CVI's financial performance has been strong in recent quarters. The company's revenue increased by 0.12% year-over-year to $8553 million in the latest quarter. CVI's net income increased by 0.838% year-over-year to $544 million in the latest quarter. The company's EPS increased by 5.44% year-over-year to $5.44 in the latest quarter.
CVI's financial ratios are also strong. The company's EBITDA margin is 12.0%, and its net profit margin is 6.4%. CVI's return on assets is 11.0%, and its return on equity is 57.4%. The company's debt-to-equity ratio is 0.4, and its current ratio is 1.2.
Technical Analysis
CVI's stock price has been trading in a range between $21.05 and $36.71 over the past 52 weeks. The stock price is currently trading near the middle of this range. CVI's 50-day moving average is $24.86, and its 200-day moving average is $29.83. The stock price is above both of its moving averages.
CVI's relative strength index (RSI) is 50.00, which indicates that the stock is neither overbought nor oversold. The stock's moving average convergence divergence (MACD) indicator is positive, which indicates that the stock is in a bullish trend.
Short Term Outlook
CVI's stock price is expected to continue to trade in a range in the short term. The stock price is likely to face resistance at its 52-week high of $36.71 and support at its 52-week low of $21.05.
Long Term Outlook
CVI's long-term outlook is positive. The company is expected to benefit from the continued growth in demand for petroleum products and nitrogen fertilizer. CVI's financial performance is expected to remain strong, and the company is expected to continue to pay dividends to shareholders.
Analyst Recommendations
Analysts have a hold rating on CVI's stock. The average analyst target price is $23.25.
