CVR Energy, Inc. (NYSE:CVI) ranks among the best performing energy stocks to buy now. On July 15, Mizuho maintained its Neutral rating on CVR Energy, Inc. (NYSE:CVI) while increasing its price objective from $25 to $30. The price target hike came despite Mizuho’s prediction that CVR Energy, Inc. would fall short of second-quarter consensus projections for both EBITDA and earnings per share.
The firm blamed the expected loss on refining assumptions, stating that consensus forecasts are “more optimistic about margin capture,” and on the company’s Fertilizers and Renewable Diesel sectors having slightly lower-than-average estimates.
Headquartered in Sugar Land, Texas, CVR Energy, Inc. is a diversified holding company that focuses on renewable fuels, petroleum refining and marketing, and producing nitrogen fertilizer through its ownership in CVR Partners, LP.
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