CVR Refining, (CVRR) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for CVR Refining, (NYSE: CVRR):

  • 10/19/2017 – CVR Refining, was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/18/2017 – CVR Refining, had its price target raised by analysts at Citigroup Inc. from $8.00 to $10.50. They now have a “neutral” rating on the stock.
  • 10/13/2017 – CVR Refining, was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/11/2017 – CVR Refining, was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/9/2017 – CVR Refining, was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating.
  • 10/6/2017 – CVR Refining, was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas. “
  • 10/4/2017 – CVR Refining, was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas. “
  • 9/28/2017 – CVR Refining, was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/12/2017 – CVR Refining, was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas. “
  • 9/11/2017 – CVR Refining, was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/9/2017 – CVR Refining, was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of CVR Refining, LP (NYSE:CVRR) traded down 2.71% during mid-day trading on Thursday, hitting $10.75. 456,294 shares of the stock traded hands. The company has a market cap of $1.59 billion, a P/E ratio of 29.94 and a beta of 1.28. CVR Refining, LP has a 12 month low of $6.45 and a 12 month high of $12.55. The firm has a 50 day moving average of $9.63 and a 200 day moving average of $9.20.

CVR Refining, (NYSE:CVRR) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.23 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. Equities analysts anticipate that CVR Refining, LP will post $0.71 EPS for the current fiscal year.

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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