CVR Energy (CVI) shares increased by 5.3% to close at $33.82 in the latest trading session, following a surge in WTI crude oil prices, which approached $98–$101 per barrel amid rising tensions in the Strait of Hormuz. The stock, which has seen a 48.8% gain over the past four weeks, is experiencing heightened investor interest due to expectations of increased refining profits as oil prices climb.
For the upcoming quarterly report, CVR Energy is anticipated to report a loss of $0.21 per share, reflecting a year-over-year improvement of 63.8%, with revenues projected at $1.71 billion, a 4.1% increase from the previous year. Notably, the consensus EPS estimate has been revised down significantly by 950% in the last 30 days, raising caution about future price movements despite recent gains.
