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CVR Energy downgraded to Underperform with $16 target at Credit Suisse » 20:50
03/29/20
03/29
20:50
03/29/20
20:50
CVI

CVR Energy

$15.16 /

-2.255 (-12.95%)

, DK

Delek US

$13.75 /

-0.28 (-2.00%)

Credit Suisse analyst…

Credit Suisse analyst Manav Gupta downgraded CVR Energy (CVI) to Underperform from Neutral with a price target of $16, down from $40. The analyst believes a CVR Energy - Delek US (DK) deal would take up to six months before finding out if Delek actually ends up selling itself. During this time frame, CVR Energy is likely to underperform, Gupta tells investors in a research note. When looking at the history of M&A in the refining space, the acquirer has always underperformed the group in the time frame from when the deal is announced to the point where the deal actually closes, says the analyst.

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Friday
Downgrade
CVR Energy downgraded to Underperform from Neutral at Credit Suisse » 16:13
03/27/20
03/27
16:13
03/27/20
16:13
CVI

CVR Energy

$15.16 /

-2.25 (-12.92%)

Credit Suisse analyst…

Credit Suisse analyst Manav Gupta downgraded CVR Energy to Underperform from Neutral with a price target of $16, down from $40.

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Over a week ago
Downgrade
CVR Energy downgraded to Sell from Neutral at Goldman Sachs » 05:17
03/26/20
03/26
05:17
03/26/20
05:17
CVI

CVR Energy

$15.50 /

+0.18 (+1.17%)

Goldman Sachs analyst…

Goldman Sachs analyst Neil Mehta downgraded CVR Energy to Sell from Neutral with a price target of $12, down from $18. declining U.S. oil production will keep the Brent-WTI spread compressed versus recent history, with CVR most exposed, Mehta tells investors in a research note. Further, the analyst sees risk to the company's dividend given its 2020 free cash flow burn, publicly stated interest in pursuing growth projects, and its history of reducing distributions in prior times of stress.

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Periodicals
Sinclair Oil reviews offers for company sale, Reuters reports » 15:15
03/12/20
03/12
15:15
03/12/20
15:15
PARR

Par Pacific

$9.51 /

-0.86 (-8.29%)

, CVI

CVR Energy

$15.68 /

-3.08 (-16.42%)

, DK

Delek US

$8.55 /

-2.08 (-19.57%)

, HFC

HollyFrontier

$19.43 /

-2.7 (-12.20%)

Sinclair Oil is reviewing…

Sinclair Oil is reviewing offers to purchase the company, Reuters' Jessica Resnick-Ault and David French report, citing three people familiar with the matter. The sale could bring between $2B-$3B, according to the sources, speaking on condition of anonymity as the talks are private. Refiners operating in the Rocky Mountain region, such as Par Pacific (PARR), CVR Energy (CVI), Delek Energy (DK) and HollyFrontier (HFC), would be among the most logical buyers for Sinclair. None of those refiners immediately responded to requests for comment, the report noted. Reference Link

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Over a month ago
Earnings
CVR Energy reports Q4 EPS 44c, consensus 54c » 16:21
02/19/20
02/19
16:21
02/19/20
16:21
CVI

CVR Energy

$34.10 /

+0.865 (+2.60%)

Reports Q4 revenue…

Reports Q4 revenue $1.57B, two estimates $1.62B. "CVR Energy delivered solid 2019 full-year and fourth quarter results, led by continuous improvement in our core values of environmental, health and safety across both our petroleum and nitrogen fertilizer segments," said Dave Lamp, CVR Energy's CEO. "Our petroleum business again posted increased earnings year-over-year, driven by higher throughput rates, increased capture rates and higher refining margins despite lower crack spreads. In addition, we began our multi-year approach intended to improve crude oil optionality, market capture and reliability at our refineries.

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Upgrade
CVR Energy upgraded to Neutral from Sell at Goldman Sachs » 05:04
02/03/20
02/03
05:04
02/03/20
05:04
CVI

CVR Energy

$34.64 /

-0.675 (-1.91%)

Goldman Sachs analyst…

Goldman Sachs analyst Neil Mehta upgraded CVR Energy to Neutral from Sell with an unchanged six-month price target of $38. The analyst cites the stock's underperformance for the upgrade with the shares are down 34% since his downgrade on July 29, 2019. While Mehta still expects Brent-WTI differentials to compress versus current levels and sees the company's capital spending as elevated, he believes this is now better reflected in CVR's current valuation.

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Initiation
Fly Intel: Top analyst initiations » 10:11
01/03/20
01/03
10:11
01/03/20
10:11
TVTY

Tivity Health

$19.41 /

-1.28 (-6.19%)

, ACH

Aluminum Corp. of China

$9.06 /

+ (+0.00%)

, KOD

Kodiak Sciences

$68.82 /

+0.63 (+0.92%)

, CVI

CVR Energy

$40.46 /

-0.165 (-0.41%)

Catch up on today's…

Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Tivity Health (TVTY) initiated with a Neutral at Credit Suisse. 2. Aluminum Corp. of China (ACH) initiated with an Outperform at Macquarie. 3. Kodiak Sciences (KOD) initiated with a Buy at Jefferies. 4. CVR Energy (CVI) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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Initiation
CVR Energy initiated with a Neutral at Credit Suisse » 06:44
01/03/20
01/03
06:44
01/03/20
06:44
CVI

CVR Energy

$40.63 /

+0.205 (+0.51%)

Credit Suisse analyst…

Credit Suisse analyst Manav Gupta initiated coverage of CVR Energy with a Neutral rating and $43 price target. In a research note to investors, Gupta says he believes the risk reward is balanced and the stock is being fairly valued at current levels, adding that CVR offers limited upside, but at the same time an 8% dividend yield provides downside support.

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Over a quarter ago
Hot Stocks
Icahn bought 62.9M shares of HP, 54.8M shares of Cloudera in Q3 » 16:14
11/14/19
11/14
16:14
11/14/19
16:14
HPQ

HP Inc.

$20.12 /

+0.585 (+2.99%)

, CLDR

Cloudera

$8.54 /

+0.055 (+0.65%)

, HTZ

Hertz

$16.27 /

-0.03 (-0.18%)

, CZR

Caesars

$12.86 /

+0.09 (+0.70%)

, CNDT

Conduent

$6.57 /

-0.07 (-1.06%)

, IEP

Icahn Enterprises

$64.94 /

-0.1 (-0.15%)

, OXY

Occidental Petroleum

$37.76 /

-0.36 (-0.94%)

, LNG

Cheniere Energy

$61.18 /

-0.1 (-0.16%)

, FCX

Freeport McMoRan

$10.81 /

-0.02 (-0.18%)

, CVI

CVR Energy

$46.82 /

+0.32 (+0.69%)

, HLF

Herbalife Nutrition

$43.57 /

-0.23 (-0.53%)

Carl Icahn disclosed in a…

Carl Icahn disclosed in a regulatory filing his holdings as of September 30, 2019. Icahn made two new buys in the third quarter: 62.9M shares of HP Inc. (HPQ) and 54.8M shares of Cloudera (CLDR). Icahn increased his holdings in four names: Hertz (HTZ), Caesars (CZR), Conduent (CNDT) and Icahn Enterprises (IEP). He decreased his holdings in three names: Occidental Petroleum (OXY), Cheniere Energy (LNG) and Freeport McMoRan (FCX). Icahn's top five holdings as of September 30 were Icahn Enterprises, CVR Energy (CVI), Herbalife Nutrition (HLF), Caesars and Cheniere Energy.

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Hot Stocks
CVR Energy increases quarterly cash dividend 7% to 80c per share » 16:29
10/23/19
10/23
16:29
10/23/19
16:29
CVI

CVR Energy

$44.50 /

-0.34 (-0.76%)

CVR Energy announced a Q3…

CVR Energy announced a Q3 cash dividend of 80c per share, which represents a 7% increase from the prior quarter. The dividend, as declared by CVR Energy's board, will be paid on November 12 to stockholders of record as of the close of market on November 4.

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