CVR Refining, LP (NYSE:CVRR) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.24, Briefing.com reports. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.11 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis.

CVRR has been the subject of several analyst reports. ValuEngine downgraded CVR Refining, from a “buy” rating to a “hold” rating in a report on Monday, September 11th. BidaskClub downgraded CVR Refining, from a “sell” rating to a “strong sell” rating in a report on Sunday, August 6th. Citigroup Inc. reduced their price target on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, July 17th. Zacks Investment Research downgraded 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 price target (down from $10.00) on shares of CVR Refining, in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. CVR Refining, presently has a consensus rating of “Hold” and an average target price of $10.38.

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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.

Earnings History for CVR Refining, (NYSE:CVRR)

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