CVI Stock Surges 5% Amid Strong Financials and Industry Uptrend

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Oct 03, 2024

CVR Energy (CVI, Financial) experienced a significant stock price increase of 5%, reaching $24.99 per share. The trading volume was reported at 700,212 shares, with a turnover rate of 0.70% and an amplitude of 6.58%. Recent financial reports revealed a revenue of $1.967 billion, a net profit of $21 million, and earnings per share of $0.21. The gross profit stood at $78 million, with a price-to-earnings ratio of 4.59.

Analyst ratings for CVR Energy indicate mixed opinions, with 43% of analysts suggesting a hold and 57% recommending a sell, leaving no buy recommendations. The oil and gas refining and sales sector, where CVR Energy operates, saw an overall increase of 4.23%.

Within the industry, related stocks such as Aemetis, Inc., PBF Energy Inc., and Delek US Holdings, Inc. noted significant rises. Aemetis, Inc. was notably active with a turnover rate of 7.41% and an amplitude of 14.98%. Delek US Holdings, Inc. showed an amplitude of 8.75%, indicating high volatility in these stocks.

CVR Energy, a holding company, is involved in oil refining and nitrogen fertilizer manufacturing through its subsidiaries. It operates complex coking refineries and manages crude gathering systems, pipelines, and storage tanks. The refineries process various crude types, and products are distributed via tankers to nearby customers and terminals.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.