OFS Capital (OFS) Reaches $12.01 52 Week Low; CVR Energy Has 1.11 Sentiment

November 14, 2017 - By Migdalia James

CVR Energy, Inc. is a holding company. The company has market cap of $2.61 billion. The Firm is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It has a 63.62 P/E ratio. It operates under two business divisions: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).

The stock of OFS Capital Corp (NASDAQ:OFS) hit a new 52-week low and has $11.65 target or 3.00% below today’s $12.01 share price. The 7 months bearish chart indicates high risk for the $160.15 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $11.65 price target is reached, the company will be worth $4.80M less. About 6,756 shares traded. OFS Capital Corp (NASDAQ:OFS) has risen 5.68% since November 14, 2016 and is uptrending. It has underperformed by 11.02% the S&P500.

Icahn Carl C holds 7.92% of its portfolio in CVR Energy, Inc. for 71.20 million shares. Groesbeck Investment Management Corp Nj owns 51,000 shares or 0.82% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.51% invested in the company for 1.39 million shares. The New York-based Private Capital Advisors Inc. has invested 0.33% in the stock. Spark Investment Management Llc, a New York-based fund reported 245,900 shares.

About 42,415 shares traded. CVR Energy, Inc. (CVI) has risen 4.20% since November 14, 2016 and is uptrending. It has underperformed by 12.50% the S&P500.

Investors sentiment decreased to 0.76 in Q2 2017. Its down 4.44, from 5.2 in 2017Q1. It is negative, as 5 investors sold OFS Capital Corp shares while 12 reduced holdings. 5 funds opened positions while 8 raised stakes. 3.01 million shares or 43.06% less from 5.29 million shares in 2017Q1 were reported. Goldman Sachs Inc accumulated 18,983 shares. Punch And Investment Mngmt has 0.33% invested in OFS Capital Corp (NASDAQ:OFS) for 244,750 shares. Gsa Cap Llp holds 17,300 shares or 0.02% of its portfolio. California Pub Employees Retirement has invested 0% in OFS Capital Corp (NASDAQ:OFS). Morgan Stanley owns 149,228 shares. Freestone Capital Holdg Limited Liability Corp holds 0.17% or 149,857 shares in its portfolio. Arrowstreet Limited Partnership holds 0% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 20,300 shares. Lsv Asset Management has invested 0% of its portfolio in OFS Capital Corp (NASDAQ:OFS). Us Commercial Bank De reported 2,350 shares. Manufacturers Life Insur The invested 0% in OFS Capital Corp (NASDAQ:OFS). Janney Montgomery Scott Ltd has 129,839 shares for 0.02% of their portfolio. Shikiar Asset Management owns 0.15% invested in OFS Capital Corp (NASDAQ:OFS) for 24,950 shares. Millennium invested in 0.01% or 265,022 shares. Deutsche Financial Bank Ag owns 900 shares or 0% of their US portfolio. National Bank & Trust Of America Corp De holds 0% of its portfolio in OFS Capital Corp (NASDAQ:OFS) for 3,500 shares.

Among 3 analysts covering OFS Capital Corp (NASDAQ:OFS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. OFS Capital Corp had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Hold” rating in Wednesday, August 12 report. The firm has “Neutral” rating given on Monday, August 7 by Robert W. Baird. The stock has “Buy” rating by Janney Capital on Wednesday, April 27. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, December 20. As per Monday, March 27, the company rating was upgraded by Ladenburg Thalmann. On Friday, November 3 the stock rating was maintained by Robert W. Baird with “Hold”.

Analysts await OFS Capital Corp (NASDAQ:OFS) to report earnings on March, 21. They expect $0.30 EPS, down 23.08% or $0.09 from last year’s $0.39 per share. OFS’s profit will be $4.00M for 10.01 P/E if the $0.30 EPS becomes a reality. After $0.33 actual EPS reported by OFS Capital Corp for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

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