CVR Energy Stock Hits New 52-Week High (CVI)

NEW YORK ( TheStreet) -- CVR Energy (NYSE: CVI) hit a new 52-week high Friday as it is currently trading at $30.26, above its previous 52-week high of $30.25 with 843,328 shares traded as of 12:30 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

CVR Energy has a market cap of $2.62 billion and is part of the basic materials sector and energy industry. Shares are up 61.3% year to date as of the close of trading on Thursday.

CVR Energy, Inc., together with its subsidiaries, engages in refining and marketing transportation fuels in the United States. The company also produces and markets nitrogen fertilizer products. It operates through two segments, Petroleum and Nitrogen Fertilizer. The company has a P/E ratio of 7.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CVR Energy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CVR Energy Ratings Report.

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