CVR Refining, LP (NYSE:CVRR) had its price target upped by equities researchers at Barclays PLC from $10.00 to $13.00 in a report released on Thursday, November 2nd. The brokerage presently has an “underweight” rating on the oil and gas company’s stock. Barclays PLC’s price objective indicates a potential upside of 9.24% from the company’s current price.
CVRR has been the topic of a number of other reports. Zacks Investment Research cut CVR Refining, from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. ValuEngine upgraded CVR Refining, from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 7th. Citigroup Inc. lowered their price objective on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, July 17th. BidaskClub cut CVR Refining, from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, UBS AG restated a “neutral” rating and set a $8.50 price objective (down from $10.00) on shares of CVR Refining, in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.75.
Shares of CVR Refining, (NYSE CVRR) traded up $0.05 during mid-day trading on Thursday, hitting $11.90. The company had a trading volume of 367,100 shares, compared to its average volume of 458,408. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.34. CVR Refining, has a 1-year low of $6.70 and a 1-year high of $13.21. The company has a market cap of $1,749.06, a P/E ratio of 16.46 and a beta of 1.32.
CVR Refining, (NYSE:CVRR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.24. CVR Refining, had a return on equity of 7.90% and a net margin of 1.98%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $0.11 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. sell-side analysts predict that CVR Refining, will post 1.53 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of CVRR. Wells Fargo & Company MN boosted its stake in CVR Refining, by 17.7% in the first quarter. Wells Fargo & Company MN now owns 75,257 shares of the oil and gas company’s stock worth $711,000 after purchasing an additional 11,343 shares in the last quarter. Alliancebernstein L.P. acquired a new position in CVR Refining, in the first quarter worth $112,000. Wellington Management Group LLP acquired a new position in CVR Refining, in the first quarter worth $2,745,000. PNC Financial Services Group Inc. boosted its stake in CVR Refining, by 10.8% in the first quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock worth $195,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Morgan Stanley boosted its stake 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 purchasing an additional 531,355 shares in the last quarter. 10.78% of the stock is currently owned by institutional investors.
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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