BidaskClub lowered shares of CVR Refining, LP (NYSE:CVRR) from a sell rating to a strong sell rating in a research report released on Sunday, August 6th.
Other equities research analysts also recently issued reports about the stock. Citigroup Inc. lowered their target price on shares of CVR Refining, from $11.00 to $10.00 and set a neutral rating for the company in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of CVR Refining, from a hold rating to a sell rating in a research note on Tuesday, July 11th. UBS AG restated a neutral rating and issued a $8.50 target price (down from $10.00) on shares of CVR Refining, in a research note on Wednesday, August 2nd. ValuEngine upgraded shares of CVR Refining, from a hold rating to a buy rating in a research note on Tuesday, June 13th. Finally, Credit Suisse Group downgraded shares of CVR Refining, from an outperform rating to a neutral rating and set a $10.00 target price for the company. in a research note on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $9.56.
Shares of CVR Refining, (CVRR) traded up 4.23% during trading on Friday, reaching $7.40. 239,227 shares of the company were exchanged. The firm has a market capitalization of $1.09 billion, a PE ratio of 20.61 and a beta of 1.28. The company’s 50-day moving average is $8.34 and its 200 day moving average is $9.57. CVR Refining, has a 1-year low of $6.25 and a 1-year high of $12.55.
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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.30. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. CVR Refining,’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. Equities research analysts expect that CVR Refining, will post $0.14 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of CVRR. HITE Hedge Asset Management LLC bought a new position in CVR Refining, during the second quarter worth about $9,916,000. Arrowstreet Capital Limited Partnership bought a new position in CVR Refining, during the second quarter worth about $8,935,000. Artemis Investment Management LLP bought a new position in CVR Refining, during the second quarter worth about $5,897,000. JPMorgan Chase & Co. boosted its position in CVR Refining, by 15,870.2% in the second quarter. JPMorgan Chase & Co. now owns 540,433 shares of the oil and gas company’s stock worth $5,135,000 after buying an additional 537,049 shares in the last quarter. Finally, Morgan Stanley boosted its position in CVR Refining, by 36.1% in the first quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock worth $18,945,000 after buying an additional 531,355 shares in the last quarter. 12.18% of the stock is owned by institutional investors and hedge funds.
About CVR Refining,
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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