CVR Refining (CVRR) Announces Quarterly Earnings, Beats Estimates By $0.24 EPS
CVR Refining (NASDAQ:CVRR) posted its quarterly earnings results on Thursday. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.24, Analyst Ratings Network.com reports. The company had revenue of $2.47 billion for the quarter. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis.
Shares of CVR Refining (NASDAQ:CVRR) traded down 1.98% during mid-day trading on Thursday, hitting $25.672. The stock had a trading volume of 603,937 shares. CVR Refining has a one year low of $20.16 and a one year high of $29.44. The stock has a 50-day moving average of $26.00 and a 200-day moving average of $24.29. The company has a market cap of $3.789 billion and a price-to-earnings ratio of 6.66.
A number of research firms have recently commented on CVRR. Analysts at Zacks downgraded shares of CVR Refining from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $28.90 price target on the stock. On the ratings front, 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. Eight research analysts have rated the stock with a hold rating, CVR Refining has an average rating of “Hold” and a consensus target price of $27.32.
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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