CVR Refining, LP (NYSE:CVRR) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.50.

CVRR has been the topic of a number of research analyst reports. BidaskClub downgraded CVR Refining, from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. Zacks Investment Research upgraded CVR Refining, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. ValuEngine upgraded CVR Refining, from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 7th. Credit Suisse Group downgraded CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Tuesday, June 20th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $8.00 target price on shares of CVR Refining, in a research report on Wednesday, August 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC bought a new stake in CVR Refining, during the first quarter worth approximately $100,000. Alliancebernstein L.P. bought a new stake in CVR Refining, during the first quarter worth approximately $112,000. PNC Financial Services Group Inc. increased its stake in CVR Refining, by 10.8% during the first quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock worth $195,000 after acquiring an additional 2,000 shares during the last quarter. Airain ltd bought a new stake in CVR Refining, during the first quarter worth approximately $196,000. Finally, Clinton Group Inc. increased its stake in CVR Refining, by 58.7% during the first quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock worth $263,000 after acquiring an additional 10,303 shares during the last quarter. 10.96% of the stock is currently owned by institutional investors.

CVR Refining, (NYSE:CVRR) opened at 9.05 on Wednesday. The stock’s 50 day moving average price is $7.90 and its 200 day moving average price is $9.16. CVR Refining, has a 12 month low of $6.45 and a 12 month high of $12.55. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 25.21 and a beta of 1.25.

CVR Refining, (NYSE:CVRR) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.23 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. CVR Refining,’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that CVR Refining, will post $0.25 earnings per share for the current fiscal year.

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About CVR Refining,

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)

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