Brokerages predict that CVR Refining, LP (NYSE:CVRR) will announce earnings of $0.30 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for CVR Refining’s earnings. CVR Refining posted earnings per share of ($0.07) in the same quarter last year, which suggests a positive year over year growth rate of 528.6%. The business is expected to announce its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that CVR Refining will report full-year earnings of $1.39 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $1.68 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for CVR Refining.

CVR Refining (NYSE:CVRR) last released its earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.24. CVR Refining had a return on equity of 7.90% and a net margin of 1.98%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was up 19.1% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub cut CVR Refining from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 19th. Barclays lifted their price target on CVR Refining from $10.00 to $13.00 and gave the company an “underweight” rating in a research report on Thursday, November 2nd. Citigroup lifted their price target on CVR Refining from $8.00 to $10.50 and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Finally, Tudor Pickering upgraded CVR Refining from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. CVR Refining presently has a consensus rating of “Hold” and a consensus price target of $11.71.

CVR Refining (NYSE CVRR) traded up $0.65 during trading on Monday, hitting $17.35. The company had a trading volume of 844,921 shares, compared to its average volume of 587,700. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.86 and a quick ratio of 1.34. CVR Refining has a 12-month low of $6.70 and a 12-month high of $17.42. The firm has a market capitalization of $2,560.00, a P/E ratio of 23.77 and a beta of 1.37.

A number of hedge funds have recently made changes to their positions in the stock. HITE Hedge Asset Management LLC raised its position in CVR Refining by 22.3% during the third quarter. HITE Hedge Asset Management LLC now owns 1,276,154 shares of the oil and gas company’s stock valued at $12,570,000 after acquiring an additional 232,347 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in CVR Refining during the second quarter valued at approximately $8,935,000. JPMorgan Chase & Co. increased its position in shares of CVR Refining by 40.4% in the third quarter. JPMorgan Chase & Co. now owns 758,593 shares of the oil and gas company’s stock valued at $7,510,000 after buying an additional 218,160 shares in the last quarter. HAP Trading LLC purchased a new stake in shares of CVR Refining in the third quarter valued at approximately $4,140,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of CVR Refining by 135.9% in the third quarter. BNP Paribas Arbitrage SA now owns 186,813 shares of the oil and gas company’s stock valued at $1,840,000 after buying an additional 107,620 shares in the last quarter. Institutional investors own 12.80% of the company’s stock.

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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.

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