CVR Refining, LP (CVRR) Receives Consensus Rating of “Hold” from Brokerages
Shares of CVR Refining, LP (NYSE:CVRR) have received an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.29.
A number of research firms have recently weighed in on CVRR. BidaskClub upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Barclays PLC boosted their target price on shares of CVR Refining, from $10.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, November 2nd. Citigroup Inc. boosted their target price on shares of CVR Refining, from $8.00 to $10.50 and gave the stock a “neutral” rating in a report on Wednesday, October 18th. ValuEngine upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, Tudor Pickering upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a report on Monday, October 9th.
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Shares of CVR Refining, (NYSE:CVRR) opened at $13.10 on Thursday. The company has a market cap of $1,911.42, a price-to-earnings ratio of 17.99 and a beta of 1.32. CVR Refining, has a one year low of $6.66 and a one year high of $13.00. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 0.38.
CVR Refining, (NYSE:CVRR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.23 by $0.24. CVR Refining, had a net margin of 1.98% and a return on equity of 7.90%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. equities analysts forecast that CVR Refining, will post 1.53 earnings per share for the current year.
The company also recently declared a special dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 10th will be issued a dividend of $0.94 per share. The ex-dividend date is Thursday, November 9th.
Large investors have recently modified their holdings of the stock. Artemis Investment Management LLP bought a new position in CVR Refining, during the 2nd quarter valued at about $5,897,000. PNC Financial Services Group Inc. grew its holdings in CVR Refining, by 10.8% during 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 last quarter. Morgan Stanley grew its holdings in CVR Refining, by 36.1% during the 1st quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock valued at $18,945,000 after purchasing an additional 531,355 shares during the last quarter. Parkwood LLC grew its holdings in CVR Refining, by 61.1% during the 2nd quarter. Parkwood LLC now owns 141,000 shares of the oil and gas company’s stock valued at $1,340,000 after purchasing an additional 53,487 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in CVR Refining, during the 1st quarter valued at about $100,000. Institutional investors own 10.73% 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.
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