CVR Refining, LP (NYSE:CVRR) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut CVR Refining, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine cut CVR Refining, from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. UBS AG restated a “neutral” rating and set a $8.50 price target (down previously from $10.00) on shares of CVR Refining, in a research note on Tuesday, August 8th. Citigroup Inc. cut their price target on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, July 17th. Finally, Tudor Pickering upgraded CVR Refining, from a “hold” rating to a “buy” rating in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. CVR Refining, presently has an average rating of “Hold” and a consensus price target of $10.00.

CVR Refining, (NYSE:CVRR) traded up 0.47% during trading on Thursday, reaching $10.80. 713,415 shares of the company’s stock were exchanged. CVR Refining, has a 52 week low of $6.45 and a 52 week high of $12.55. The stock has a market capitalization of $1.59 billion, a PE ratio of 30.08 and a beta of 1.28. The stock has a 50-day moving average of $9.77 and a 200-day moving average of $9.22.

CVR Refining, (NYSE:CVRR) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. CVR Refining,’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that CVR Refining, will post $0.71 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/22/cvr-refining-lp-cvrr-stock-rating-lowered-by-bidaskclub.html.

A number of large investors have recently added to or reduced their stakes in CVRR. Wells Fargo & Company MN raised its position in CVR Refining, by 17.7% in the first quarter. Wells Fargo & Company MN now owns 75,257 shares of the oil and gas company’s stock worth $711,000 after acquiring an additional 11,343 shares in the last quarter. First Trust Advisors LP purchased a new position in CVR Refining, in the first quarter worth $487,000. Stifel Financial Corp raised its position in CVR Refining, by 13.5% in the first quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock worth $301,000 after acquiring an additional 3,716 shares in the last quarter. Alliancebernstein L.P. purchased a new position in CVR Refining, in the first quarter worth $112,000. Finally, Wellington Management Group LLP purchased a new position in CVR Refining, in the first quarter worth $2,745,000. Hedge funds and other institutional investors own 10.98% of the company’s stock.

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)

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.