CVR Refining LP (NYSE:CVRR)‘s stock had its “underweight” rating reissued by investment analysts at Barclays PLC in a note issued to investors on Monday. They currently have a $9.00 target price on the stock, up from their previous target price of $6.00. Barclays PLC’s price target indicates a potential upside of 1.93% from the company’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded CVR Refining from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 20th. TheStreet upgraded CVR Refining from a “sell” rating to a “hold” rating in a report on Thursday, October 6th. Wolfe Research started coverage on CVR Refining in a report on Monday, June 20th. They set a “market perform” rating on the stock. Citigroup Inc. lifted their price target on CVR Refining from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, September 14th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of CVR Refining in a report on Thursday, June 30th. Six analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.44.
CVR Refining (NYSE:CVRR) opened at 8.83 on Monday. The company has a market capitalization of $1.30 billion, a PE ratio of 49.33 and a beta of 1.34. CVR Refining has a one year low of $5.50 and a one year high of $22.74. The firm’s 50-day moving average is $8.17 and its 200 day moving average is $8.91.
CVR Refining (NYSE:CVRR) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.30 by $0.23. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The firm’s revenue was down 24.8% on a year-over-year basis. On average, equities analysts expect that CVR Refining will post $0.27 EPS for the current fiscal year.
In other CVR Refining news, Director Carl C. Icahn sold 250,000 shares of CVR Refining stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $5.70, for a total value of $1,425,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of CVR Refining by 4.2% in the first quarter. Geode Capital Management LLC now owns 28,310 shares of the company’s stock worth $341,000 after buying an additional 1,147 shares in the last quarter. Groesbeck Investment Management Corp NJ increased its position in shares of CVR Refining by 0.6% in the first quarter. Groesbeck Investment Management Corp NJ now owns 203,900 shares of the company’s stock worth $2,463,000 after buying an additional 1,200 shares in the last quarter. Stifel Financial Corp increased its position in shares of CVR Refining by 5.5% in the second quarter. Stifel Financial Corp now owns 26,841 shares of the company’s stock worth $208,000 after buying an additional 1,400 shares in the last quarter. State Street Corp increased its position in shares of CVR Refining by 4.1% in the first quarter. State Street Corp now owns 47,199 shares of the company’s stock worth $570,000 after buying an additional 1,847 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its position in shares of CVR Refining by 34.2% in the third quarter. Eqis Capital Management Inc. now owns 13,590 shares of the company’s stock worth $119,000 after buying an additional 3,465 shares in the last quarter.
CVR Refining Company Profile
CVR Refining, LP is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. The Company is a petroleum refiner and it owns approximately two refineries in the underserved Group 3 of the PADD II region of the United States.
Receive News & Ratings for CVR Refining LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Refining LP and related companies with MarketBeat.com's FREE daily email newsletter.