CVI - CVR Energy Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of CVR Energy Inc. (NYSE:CVI) traded today at $35.55, eclipsing its 52-week high. This new high was reached on below average trading volume as 275,000 shares traded hands, while the average 30-day volume is approximately 775,000 shares.
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
Over the past year, CVR Energy Inc. has traded in a range of $11.22 to $35.55 and is now at $34.99, 212% above that low.
CVR Energy Inc. (NYSE:CVI) defies analysts with a current price ($34.99) 84.1% above its average consensus price target of $5.55.
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