CVR Refining Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:CVRR)
CVR Refining (NASDAQ:CVRR) has received an average rating of “Hold” from the eight ratings firms that are covering the company, AnalystRatings.NET reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.32.
CVRR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of CVR Refining from a “neutral” rating to an “outperform” rating in a research note on Monday. They now have a $28.90 price target on the stock. Separately, analysts at Barclays raised their price target on shares of CVR Refining from $24.00 to $28.00 in a research note on Tuesday, May 6th. They now have an “equal weight” rating on the stock. Finally, analysts at TheStreet upgraded shares of CVR Refining from a “sell” rating to a “hold” rating in a research note on Wednesday, April 16th.
CVR Refining (NASDAQ:CVRR) traded down 0.15% on Tuesday, hitting $26.05. 70,267 shares of the company’s stock traded hands. CVR Refining has a 52 week low of $20.16 and a 52 week high of $30.97. The stock’s 50-day moving average is $24. and its 200-day moving average is $23.00. The company has a market cap of $3.845 billion and a P/E ratio of 6.64.
CVR Refining (NASDAQ:CVRR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.90 by $0.90. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the company posted $1.34 earnings per share. CVR Refining’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that CVR Refining will post $4.56 earnings per share for the current fiscal year.
CVR Refining, LP is an energy limited partnership with refining and related logistics assets that operates in the mid-continent region.
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