CVR Energy Inc. (NYSE:CVI) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CVI is expected to report 2Q20 loss of $ 0.42 per share from revenue of $ 890.36 million.
For the full year, analysts anticipate top line of $ 4522.02 million, while looking forward to loss of $ 1.37 per share bottom line.
Previous Quarter Performance
CVR Energy Inc. unveiled loss for the first quarter of $ 0.09 per share, from the revenue of $ 1,130.00 million. Street analysts expected CVR Energy Inc. to report loss of $ 0.53 per share on revenue of $ 1,080.00 million for the first quarter. The bottom line results beat street analysts by $ 0.44 or 83.02 percent, at the same time, top line results outshined analysts by $ 50.00 million or 4.63 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CVI was $ 19.20, representing a 39.03 % increase from the 52 week low of $ 13.81 and a 61.03 % decrease over the 52 week high of $ 49.27.
The company has a market capital of $ 1.93 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 20.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.40 per share on May 6, 2020. The dividend were payable on May 26, 2020 to holders of record as of the close of business on May 18, 2020 and ex-dividend date on May 15, 2020.
CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertilizer segments. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel fuel, and other refined products.
