CVR Refining, LP (CVRR) Stock Rating Upgraded by ValuEngine
CVR Refining, LP (NYSE:CVRR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
CVRR has been the topic of a number of other reports. BidaskClub raised CVR Refining, from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Zacks Investment Research raised CVR Refining, from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Citigroup Inc. reissued a “neutral” rating and issued a $8.00 price target on shares of CVR Refining, in a research note on Wednesday, August 2nd. Credit Suisse Group lowered CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Tuesday, June 20th. Finally, Tudor Pickering raised CVR Refining, from a “hold” rating to a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.69.
CVR Refining, (NYSE:CVRR) traded down 0.88% during mid-day trading on Wednesday, hitting $11.30. 635,605 shares of the stock traded hands. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 31.48 and a beta of 1.28. The stock’s 50 day moving average is $9.12 and its 200-day moving average is $9.13. CVR Refining, has a 12 month low of $6.45 and a 12 month high of $12.55.
CVR Refining, (NYSE:CVRR) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.23 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. CVR Refining,’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities research analysts anticipate that CVR Refining, will post $0.35 EPS for the current year.
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Large investors have recently made changes to their positions in the business. HighTower Advisors LLC bought a new position in CVR Refining, in the 1st quarter valued at $100,000. Alliancebernstein L.P. bought a new position in CVR Refining, in the 1st quarter valued at $112,000. PNC Financial Services Group Inc. grew its stake in CVR Refining, by 10.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 2,000 shares during the period. Clinton Group Inc. grew its stake in CVR Refining, by 58.7% in the 1st quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 10,303 shares during the period. Finally, Stifel Financial Corp grew its stake in CVR Refining, by 13.5% in the 1st quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,716 shares during the period. Hedge funds and other institutional investors 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.
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