Piper Jaffray upgraded CVR Energy (NYSE:CVI) from Underweight to Neutral in a statement released earlier today.
- Updated: October 10, 2016
Just yesterday CVR Energy (NYSE:CVI) traded 7.10% higher at $13.95. CVR Energy’s 50-day moving average is $14.39 and its 200-day moving average is $18.05. With the last close down -17.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trading volume was down over the average, with 326,676 shares of CVI changing hands under the typical 1,024,480
Piper Jaffray has upgraded CVR Energy (NYSE:CVI) from Underweight to Neutral in a report released on 10/10/2016.
On 9/16/2016, Piper Jaffray released a statement for CVR Energy (NYSE:CVI) upped the target price from $9.00 to $10.00. At the time, this indicated a possible downside of -0.34%.
Recent Performance Chart
CVR Energy has PE ratio of 52.42 with a one year low of $13.01 and a one year high of $48.37 and has a market capitalization of $0.
In addition to Piper Jaffray reporting its target price, a total of 1 firm has issued a report on the stock. The consensus target price is $20.00 with 0 firms rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About CVR Energy (NYSE:CVI)
CVR Energy, Inc. (CVR Energy) is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company's Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
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