CVR Energy is a holding company. Through its subsidiaries, CVR Refining, LP (CVR Refining) and CVR Partners, LP (CVR Partners), Co. is engaged in the petroleum refining and nitrogen fertilizer manufacturing industries. CVR Refining is an independent petroleum refiner and marketer of transportation fuels. CVR Partners produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. Co.'s two segments are: Petroleum, which includes refineries located in Coffeyville, KS and Wynnewood, OK and supporting logistics assets in the region; and Nitrogen Fertilizer, which includes nitrogen fertilizer manufacturing facilities located in Coffeyville, KS and East Dubuque, IL. More details about CVR Energy at:
http://www.cvrenergy.com.
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Should CVR Energy shares be counted among the
Top 15 Cheap Energy Shares? To start, we see that the recent trading price for CVI stock is $32.55 (as of 4/18/2024). The most recent quarter's (MRQ) earnings result, annualized, was $2.6/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, CVR Energy produced $5.62/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $6.16/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 5.3 for the TTM Median method, 12.5 for price to earnings using MRQ annualized, and 5.8 for current price/TTM earnings. Based on CVI's history, that recent TTM PE is low relative to the historical average, with the recent PE 65.9% lower than the average (TTM method) of 17.0.