ValuEngine downgraded shares of CVR Refining, LP (NYSE:CVRR) from a buy rating to a hold rating in a report issued on Monday, September 11th.
A number of other equities research analysts have also commented on CVRR. BidaskClub lowered shares of CVR Refining, from a sell rating to a strong sell rating in a report on Sunday, August 6th. UBS AG reiterated a neutral rating and issued a $8.50 price target (down from $10.00) on shares of CVR Refining, in a research note on Wednesday, August 2nd. Citigroup Inc. reissued a neutral rating and issued a $8.00 price objective on shares of CVR Refining, in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of CVR Refining, from a hold rating to a sell rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. The company currently has an average rating of Hold and a consensus price target of $9.56.
Shares of CVR Refining, (NYSE:CVRR) traded up 1.412% during midday trading on Monday, reaching $8.975. The company’s stock had a trading volume of 48,634 shares. The firm’s 50 day moving average is $7.90 and its 200 day moving average is $9.16. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 25.000 and a beta of 1.25. CVR Refining, has a 52 week low of $6.45 and a 52 week high of $12.55.
CVR Refining, (NYSE:CVRR) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $1.34 billion during 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 was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Equities analysts forecast that CVR Refining, will post $0.25 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of CVRR. HighTower Advisors LLC acquired a new position in CVR Refining, during the first quarter worth $100,000. Alliancebernstein L.P. purchased a new stake in shares of CVR Refining, in the first quarter valued at about $112,000. PNC Financial Services Group Inc. increased its holdings in CVR Refining, by 10.8% during 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 buying an additional 2,000 shares during the last quarter. Airain ltd purchased a new stake in CVR Refining, during the first quarter worth about $196,000. Finally, Clinton Group Inc. increased its holdings in CVR Refining, by 58.7% during the first quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock worth $263,000 after buying an additional 10,303 shares during the last quarter. 10.96% of the stock is currently 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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