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J.P. Morgan Maintains a Sell Rating on CVR Energy (CVI)

In a report released yesterday, Phil Gresh from J.P. Morgan maintained a Sell rating on CVR Energy (CVIResearch Report), with a price target of $23.00. The company’s shares closed last Tuesday at $25.08, close to its 52-week high of $25.70.

According to TipRanks.com, Gresh is a 5-star analyst with an average return of 11.0% and a 72.1% success rate. Gresh covers the Utilities sector, focusing on stocks such as Par Pacific Holdings, Occidental Petroleum, and Marathon Petroleum.

The word on The Street in general, suggests a Hold analyst consensus rating for CVR Energy with a $23.00 average price target.

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The company has a one-year high of $25.70 and a one-year low of $11.22. Currently, CVR Energy has an average volume of 752.3K.

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CVR Energy, Inc. is a holding company. The firm engages in the provision of petroleum refining and marketing business. It operates through the following segments: Petroleum and Nitrogen Fertilizer. The company was founded in September 1906 and is headquartered in Sugar Land, TX.

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