CVR Refining Now Covered by Credit Suisse (CVRR)
Analysts at Credit Suisse initiated coverage on shares of CVR Refining (NASDAQ:CVRR) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $25.00 price target on the stock. Credit Suisse’s price target would suggest a potential downside of 3.47% from the company’s current price.
Shares of CVR Refining (NASDAQ:CVRR) traded down 0.38% during mid-day trading on Friday, hitting $25.90. The stock had a trading volume of 243,938 shares. CVR Refining has a 52 week low of $20.16 and a 52 week high of $30.97. The stock has a 50-day moving average of $24.89 and a 200-day moving average of $23.04. The company has a market cap of $3.823 billion and a P/E ratio of 6.62.
CVR Refining (NASDAQ:CVRR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.80 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. 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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