CVR Refining Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:CVRR)
CVR Refining (NASDAQ:CVRR) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, AnalystRatingsNetwork.com reports. Eight investment analysts have rated the stock with a hold recommendation, The average 12-month target price among brokers that have covered the stock in the last year is $27.32.
CVR Refining (NASDAQ:CVRR) traded up 0.55% on Thursday, hitting $25.7205. The stock had a trading volume of 135,909 shares. CVR Refining has a 52 week low of $20.16 and a 52 week high of $29.44. The stock has a 50-day moving average of $26.34 and a 200-day moving average of $23.82. The company has a market cap of $3.796 billion and a P/E ratio of 6.51.
CVR Refining (NASDAQ:CVRR) last posted its quarterly earnings results 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. Analysts expect that CVR Refining will post $4.38 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of CVR Refining from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $28.90 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “hold” rating on shares of CVR Refining in a research note on Wednesday, May 21st. They now have a $31.00 price target on the stock.
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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