CVR Refining, LP (CVRR) Scheduled to Post Quarterly Earnings on Wednesday
CVR Refining, LP (NYSE:CVRR) is set to post its quarterly earnings results before the market opens on Wednesday, July 26th. Analysts expect CVR Refining, to post earnings of $0.32 per share for the quarter.
CVR Refining, (NYSE:CVRR) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.42. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.25 billion. CVR Refining, had a return on equity of 11.43% and a net margin of 2.99%. CVR Refining,’s revenue for the quarter was up 70.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.46) earnings per share. On average, analysts expect CVR Refining, to post $0.64 EPS for the current fiscal year and $0.59 EPS for the next fiscal year.
CVR Refining, LP (CVRR) opened at 9.05 on Wednesday. The stock’s 50 day moving average price is $9.44 and its 200 day moving average price is $10.09. The firm has a market capitalization of $1.34 billion, a PE ratio of 8.89 and a beta of 1.33. CVR Refining, LP has a 52-week low of $5.50 and a 52-week high of $12.55.
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Several research firms have recently weighed in on CVRR. Zacks Investment Research lowered CVR Refining, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Citigroup Inc. reduced their target price on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday. ValuEngine upgraded CVR Refining, from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 7th. BidaskClub downgraded CVR Refining, from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, Credit Suisse Group downgraded CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the company’s stock. CVR Refining, currently has a consensus rating of “Hold” and a consensus target price of $9.63.
CVR Refining, Company Profile
CVR Refining, LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is a petroleum refiner. It owned and operated a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas with a rated capacity of 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery in Wynnewood, Oklahoma with a rated capacity of 70,000 bpcd capable of processing 20,000 bpcd of light sour crude oils (within its rated capacity of 70,000 bpcd), as of December 31, 2016.
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