CVR Refining, LP (CVRR) Raised to Buy at BidaskClub
CVR Refining, LP (NYSE:CVRR) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts have also recently issued research reports about the company. Barclays PLC lifted their target price on CVR Refining, from $10.00 to $13.00 and gave the company an “underweight” rating in a report on Thursday. 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. Citigroup Inc reduced their price objective on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, July 17th. Finally, UBS Group AG (USA) restated a “neutral” rating and set a $8.50 price objective (down previously from $10.00) on shares of CVR Refining, in a research note 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 company. CVR Refining, has an average rating of “Hold” and a consensus price target of $10.38.
Shares of CVR Refining, (NYSE CVRR) traded up $0.05 during trading on Friday, reaching $12.50. The company had a trading volume of 282,062 shares, compared to its average volume of 523,828. CVR Refining, has a 52-week low of $6.66 and a 52-week high of $12.85. The firm has a market capitalization of $1,840.00, a PE ratio of 17.29 and a beta of 1.29. The company has a quick ratio of 1.22, a current ratio of 1.68 and a debt-to-equity ratio of 0.40.
CVR Refining, (NYSE:CVRR) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.24. CVR Refining, had a return on equity of 8.02% and a net margin of 1.98%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. analysts predict that CVR Refining, will post 1.05 EPS for the current fiscal year.
WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/04/cvr-refining-lp-cvrr-raised-to-buy-at-bidaskclub.html.
Several large investors have recently added to or reduced their stakes in CVRR. HighTower Advisors LLC acquired a new position in shares of CVR Refining, in the first quarter worth about $100,000. Alliancebernstein L.P. acquired a new position in shares of CVR Refining, in the first quarter worth about $112,000. PNC Financial Services Group Inc. lifted its stake in shares of CVR Refining, by 10.8% in 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 in the last quarter. Stifel Financial Corp lifted its stake in shares of CVR Refining, by 26.8% in the second quarter. Stifel Financial Corp now owns 39,499 shares of the oil and gas company’s stock worth $385,000 after acquiring an additional 8,342 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of CVR Refining, in the second quarter worth about $439,000. Institutional investors and hedge funds own 11.14% 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.
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.