|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||38.35 - 39.52|
|52 Week Range||24.64 - 47.67|
|PE Ratio (TTM)||10.03|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||3.00 (7.83%)|
|1y Target Est||19.00|
On September 4, Baird cut its rating for Genesis Energy (GEL) to “neutral.” It has given the stock a price target of $26. Of the ten analysts covering Genesis Energy and surveyed by Reuters, two have rated the stock a “strong buy,” two have rated it a “buy,” and six have rated it a “hold.” The median price target for Genesis Energy is $26, which implies an upside potential of 9% from its current price of $23.89. It gave it a price target of $19.
NEW YORK, Aug. 06, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Stemline ...
Brent-WTI crude oil spread was $4.84 per barrel on July 30, down from $5.17 per barrel on July 23. The price difference between Brent and WTI oil futures is called the Brent-WTI spread. The spread declined ~6.4% from July 23 to July 30.
The North American crude oil market has been moving in favor of refiners lately, and now CVR Energy wants to buy out the remaining stake in its subsidiary partnership.
SUGAR LAND, Texas, July 30, 2018-- CVR Energy, Inc. today announced the results of its offering to exchange shares of CVR Energy common stock for up to 37,154,236 common units of CVR Refining, LP. The ...
CVR Energy (CVI) and its subsidiary CVR Refining (CVRR) reported their second-quarter results on July 25 after the markets closed. CVR Refining’s adjusted EBITDA rose to $147 million—compared to $43 million in the same quarter last year. “The quarter’s success was attributable to a $4.88 increase in Group 3 crack spreads, low Renewable Identification Number (RIN) prices and wide crude oil differentials compared to the same period last year,” said Dave Lamp, CEO of CVR Refining’s general partner.
On a per-share basis, the Sugar Land, Texas-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring gains, came to 52 cents per share. The diversified holding company posted ...
SUGAR LAND, Texas, July 25, 2018-- CVR Energy, Inc. today announced net income of $51 million, or 59 cents per diluted share, on net sales of $1,914 million for the second quarter of 2018, compared to ...
SUGAR LAND, Texas, July 12, 2018-- CVR Energy, Inc. today announced that it will release its 2018 second quarter results on Wednesday, July 25, after the close of New York Stock Exchange trading. Chief ...
WallStEquities.com turns investors' attention to the Oil and Gas Refining and Marketing industry, which consists of companies that are engaged in the operation of oil and gas refineries for the production of heating, lubricating and fuel oils, as well as gasoline, diesel, jet fuel, propane, kerosene and other liquefied petroleum gas products.In today's lineup are the following stocks: Andeavor (NYSE: ANDV), CVR Energy Inc. (NYSE: CVI), Valero Energy Corp. (NYSE: VLO), and Delek US Holdings Inc. (NYSE: DK). On Tuesday, shares in San Antonio, Texas headquarteredAndeavor recorded a trading volume of 795,639 shares.
The EIA (U.S. Energy Information Administration) reported that the US crude oil output was steady at 10,900,000 bpd (barrels per day) on June 22–29. The output was steady at a record high level for the third straight week. The US crude oil output increased by 1,562,000 bpd or ~16.7% year-over-year.
Back in May, the company said its previous general counsel's departure was related to the "consolidation of CVR Energy’s corporate office in Kansas City, Kansas, with its headquarters in Sugar Land."
SUGAR LAND, Texas, July 02, 2018-- CVR Energy, Inc. today announced that Melissa M. Buhrig has been named executive vice president, general counsel and secretary. Buhrig also will serve as executive vice ...
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Over the past 6 years, CVRRead More...
SUGAR LAND, Texas, June 18, 2018 /PRNewswire/ -- CVR Energy, Inc. (CVI) ("CVR Energy") today announced the commencement of an offering to exchange shares of CVR Energy common stock for up to 37,154,236 common units of CVR Refining, LP ("CVR Refining") (the "exchange offer"). The value of the exchange offer is $24.26 per common unit.
On Wednesday, June 06, 2018, the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged higher at the closing bell. Eight out of nine sectors ended Wednesday's trading session in bullish territories. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Oil & Gas Refining & Marketing equities this morning: Andeavor (NYSE: ANDV), CVR Energy Inc. (NYSE: CVI), CVR Refining LP (NYSE: CVRR), and Delek US Holdings Inc. (NYSE: DK).
On May 29, CVR Energy (CVI), the holding company of CVR Refining (CVRR), announced its intention to exchange shares of CVR Energy for 37 million common shares of CVR Refining. The exchange offer of $27.63 per share represents a 25% premium over CVR Refining’s closing price on May 25. The exchange ratio for the offer is one share of CVR Refining for 0.6335 shares of CVR Energy stock.
On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran. On May 21, US Secretary of State Mike Pompeo announced a list of demands for Iran. The demands are a prerequisite for any new agreement. He highlighted that all uranium enrichment activity must stop. Pompeo also said that all support activities for militants in the Middle East should stop. Iran rejected the demands.
The cyclicality of the energy industry makes it hard for income investors to find high yielding stocks. However, as oil prices recover from lows in 2014, energy stocks have benefitedRead More...