CVR Refining Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:CVRR)
CVR Refining (NASDAQ:CVRR) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, American Banking News.com reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.27.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of CVR Refining from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 13th. They now have a $22.60 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of CVR Refining in a research note on Thursday, July 31st. They now have a $26.00 price target on the stock, up previously from $24.00. Finally, 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.
Shares of CVR Refining (NASDAQ:CVRR) opened at 24.30 on Thursday. CVR Refining has a 52-week low of $20.16 and a 52-week high of $28.55. The stock’s 50-day moving average is $25.31 and its 200-day moving average is $24.42. The company has a market cap of $3.587 billion and a P/E ratio of 8.51.
CVR Refining (NASDAQ:CVRR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.24. The company had revenue of $2.47 billion for the quarter. During the same quarter last year, the company posted $2.30 earnings per share. CVR Refining’s revenue was up 15.4% compared to the same quarter last year. Analysts expect that CVR Refining will post $3.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 15.80%. The ex-dividend date is Thursday, August 7th.
CVR Refining, LP is an energy limited partnership with refining and related logistics assets that operates in the mid-continent region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.