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.
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