Simmons Downgrades CVR Refining to Neutral (CVRR)
Shares of CVR Refining (NASDAQ:CVRR) traded down 0.08% on Tuesday, hitting $26.00. The stock had a trading volume of 299,942 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 $25.0 and a 200-day moving average of $23.10. The company has a market cap of $3.838 billion and a P/E ratio of 6.62.
CVR Refining (NASDAQ:CVRR) last released its earnings data on Thursday, May 1st. The company reported $1.80 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts expect that CVR Refining will post $4.56 EPS 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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