CVR Energy (NYSE:CVI – Get Free Report) issued its quarterly earnings results on Monday. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09), Briefing.com reports. CVR Energy had a net margin of 7.44% and a return on equity of 40.24%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. The firm’s revenue was down 18.5% on a year-over-year basis.
CVR Energy Stock Performance
Shares of CVI stock opened at $29.36 on Thursday. The stock has a fifty day moving average of $34.35 and a 200 day moving average of $32.80. CVR Energy has a 52 week low of $22.60 and a 52 week high of $39.36. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 4.50 and a beta of 1.59. The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 1.52.
CVR Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Friday, May 10th. CVR Energy’s payout ratio is 30.67%.
Wall Street Analysts Forecast Growth
CVR Energy Company Profile
CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and supplies gasoline, crude oil, distillate, diesel fuel, and other refined products.
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