CVR Refining, LP (NYSE:CVRR) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on the stock. ValuEngine upgraded shares of CVR Refining, from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. Credit Suisse Group downgraded shares of CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Tuesday, June 20th. Citigroup Inc. raised their target price on shares of CVR Refining, from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 25th. Zacks Investment Research downgraded shares of CVR Refining, from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, UBS AG restated a “neutral” rating and set a $8.50 target price (down from $10.00) on shares of CVR Refining, in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.56.

CVR Refining, (NYSE:CVRR) traded up 4.14% during mid-day trading on Friday, hitting $8.80. 440,558 shares of the stock were exchanged. The company has a market cap of $1.30 billion, a P/E ratio of 24.51 and a beta of 1.25. The company has a 50-day moving average price of $7.83 and a 200-day moving average price of $9.29. CVR Refining, has a one year low of $6.45 and a one year high of $12.55.

CVR Refining, (NYSE:CVRR) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.30. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business posted $0.53 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. Analysts forecast that CVR Refining, will post $0.25 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/09/cvr-refining-lp-cvrr-rating-increased-to-hold-at-bidaskclub.html.

Several hedge funds and other institutional investors have recently modified their holdings of CVRR. HITE Hedge Asset Management LLC purchased a new stake in shares of CVR Refining, during the second quarter worth about $9,916,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CVR Refining, during the second quarter worth about $8,935,000. Artemis Investment Management LLP purchased a new stake in shares of CVR Refining, during the second quarter worth about $5,897,000. JPMorgan Chase & Co. grew its holdings in shares of CVR Refining, by 15,870.2% during the second quarter. JPMorgan Chase & Co. now owns 540,433 shares of the oil and gas company’s stock worth $5,135,000 after buying an additional 537,049 shares in the last quarter. Finally, Morgan Stanley grew its holdings in shares of CVR Refining, by 36.1% during the first quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock worth $18,945,000 after buying an additional 531,355 shares in the last quarter. Institutional investors and hedge funds own 10.98% of the company’s stock.

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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

Receive News & Ratings for CVR Refining LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Refining LP and related companies with MarketBeat.com's FREE daily email newsletter.