CVI Stock Recent News

SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m. Eastern to discuss these results.

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CVR Energy shares have only gained 6% in the past year and have lost 30% in the past quarter amid concerns about crack spreads. Recent financial results were mixed, with lower crack spreads impacting earnings, but CVI remains strongly cash generative. The refining macro has deteriorated, but may be bottoming out, with the potential for a rebound in crack spreads and demand.

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CVR (CVI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MCS, AL, AEM, INTZ and CVI have been added to the Zacks Rank #1 (Strong Buy) List on May 2, 2023.

CVI, AEM and MCS made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 2, 2023.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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