CVR Refining, LP (CVRR) Receives $9.50 Consensus Price Target from Analysts

CVR Refining, LP (NYSE:CVRR) has received a consensus rating of “Hold” from the twelve analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.86.

Several research analysts have weighed in on CVRR shares. ValuEngine lowered shares of CVR Refining, from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th. BidaskClub upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Wednesday, October 4th. Tudor Pickering upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Finally, UBS AG restated a “neutral” rating and set a $8.50 price target (down previously from $10.00) on shares of CVR Refining, in a research note on Tuesday, August 8th.

Shares of CVR Refining, (NYSE CVRR) traded down 1.34% on Friday, hitting $11.05. 821,866 shares of the stock were exchanged. The firm’s 50-day moving average is $9.40 and its 200-day moving average is $9.16. CVR Refining, has a one year low of $6.45 and a one year high of $12.55. The company has a market cap of $1.63 billion, a P/E ratio of 30.78 and a beta of 1.28.

CVR Refining, (NYSE:CVRR) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.23 billion. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities analysts forecast that CVR Refining, will post $0.69 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in CVR Refining, in the 1st quarter valued at $100,000. Alliancebernstein L.P. acquired a new position in CVR Refining, in the 1st quarter valued at $112,000. PNC Financial Services Group Inc. grew its stake in CVR Refining, by 10.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 2,000 shares during the last quarter. Stifel Financial Corp grew its stake in CVR Refining, by 13.5% in the 1st quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock valued at $301,000 after buying an additional 3,716 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in CVR Refining, in the 2nd quarter valued at $439,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

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CVR Refining, Company Profile

CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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