CVR Refining, LP (CVRR) Lifted to “Buy” at BidaskClub

CVR Refining, LP (NYSE:CVRR) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday, November 4th.

A number of other research firms also recently weighed in on CVRR. Barclays PLC raised their price target on shares of CVR Refining, from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday, November 2nd. ValuEngine upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Citigroup Inc. raised their price target on shares of CVR Refining, from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Tudor Pickering upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered shares of CVR Refining, from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.29.

CVR Refining, (NYSE:CVRR) traded up $0.20 during trading on Friday, hitting $12.55. 485,300 shares of the stock were exchanged, compared to its average volume of 458,898. The company has a market cap of $1,822.86, a P/E ratio of 17.15 and a beta of 1.32. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.38. CVR Refining, has a fifty-two week low of $6.70 and a fifty-two week high of $13.21.

CVR Refining, (NYSE:CVRR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.20 billion. CVR Refining, had a net margin of 1.98% and a return on equity of 7.90%. CVR Refining,’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. equities research analysts anticipate that CVR Refining, will post 1.53 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in CVR Refining, by 1.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 58,550 shares of the oil and gas company’s stock valued at $556,000 after buying an additional 1,100 shares during the last quarter. Alliancebernstein L.P. grew its position in CVR Refining, by 14.4% in the 2nd quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,705 shares during the last quarter. PNC Financial Services Group Inc. grew its position 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 worth $195,000 after purchasing an additional 2,000 shares during the last quarter. California Public Employees Retirement System grew its position in CVR Refining, by 3.3% in the 2nd quarter. California Public Employees Retirement System now owns 100,400 shares of the oil and gas company’s stock worth $954,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Regal Investment Advisors LLC grew its position in CVR Refining, by 10.9% in the 3rd quarter. Regal Investment Advisors LLC now owns 41,637 shares of the oil and gas company’s stock worth $410,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 11.48% of the company’s stock.

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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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