Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CVR Energy, Inc. before investing.

In this article, we go over a few key elements for understanding CVR Energy, Inc.’s stock price such as:

• CVR Energy, Inc.’s current stock price and volume
• Why CVR Energy, Inc.’s stock price changed recently
• Upgrades and downgrades for CVI from analysts
• CVI’s stock price momentum as measured by its relative strength

About CVR Energy, Inc. (CVI)

Before we jump into CVR Energy, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

CVR Energy, Inc. is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing businesses, as well as in the nitrogen fertilizer manufacturing business through its interest in its subsidiary, CVR Partners, LP (CVR Partners). The Company operates through two segments: Petroleum and Nitrogen Fertilizer. Petroleum Segment refines and markets high-value transportation fuels primarily in the form of gasoline and diesel fuels. Petroleum Segment is composed of the assets and operations of two refineries located in Coffeyville, Kansas and Wynnewood, Oklahoma and supporting logistics assets in the region. Nitrogen Fertilizer segment produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The Company's Nitrogen Fertilizer Segment is composed of the assets and operations of CVR Partners, including two nitrogen fertilizer manufacturing facilities located in Coffeyville, Kansas and East Dubuque, Illinois.

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CVR Energy, Inc.’s Stock Price as of Market Close

As of September 05, 2024, 4:00 PM, CST, CVR Energy, Inc.’s stock price was $22.72.

CVR Energy, Inc. is down 7.08% from its previous closing price of $24.45.

During the last market session, CVR Energy, Inc.’s stock traded between $24.24 and $25.46. Currently, there are 100.50 million shares of CVR Energy, Inc. stock available for purchase.

CVR Energy, Inc.’s price-earnings (P/E) ratio is currently at 4.5, which is low compared to the Oil & Gas - Refining and Marketing industry median of 9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CVR Energy, Inc. Stock Price History

CVR Energy, Inc.’s (CVI) price is currently down 10.62% so far this month.

During the month of September, CVR Energy, Inc.’s stock price has reached a high of $25.46 and a low of $22.63.

Over the last year, CVR Energy, Inc. has hit prices as high as $38.07 and as low as $23.80. Year to date, CVR Energy, Inc.’s stock is down 27.5%.

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What Caused CVR Energy, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 04, 2024, there were 3 analysts who downgraded CVR Energy, Inc.’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate CVR Energy, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CVR Energy, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CVR Energy, Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CVR Energy, Inc. (CVI) by visiting AAII Stock Evaluator.

Relative Price Strength of CVR Energy, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 04, 2024, CVR Energy, Inc. has a weighted four-quarter relative price strength of -12.44%, which translates to a Momentum Score of 28 and is considered to be Weak.

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CVR Energy, Inc. Stock Price: Bottom Line

As of September 5, 2024, CVR Energy, Inc.’s stock price is $22.72, which is down 7.08% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CVR Energy, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.