CVR Refining, LP (CVRR) Given New $10.50 Price Target at Citigroup Inc.

CVR Refining, LP (NYSE:CVRR) had its price target boosted by Citigroup Inc. from $8.00 to $10.50 in a research report sent to investors on Wednesday. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other research analysts have also weighed in on CVRR. Zacks Investment Research upgraded shares of CVR Refining, from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Wednesday, October 4th. BidaskClub lowered shares of CVR Refining, from a sell rating to a strong sell rating in a research note on Sunday, August 6th. ValuEngine upgraded shares of CVR Refining, from a buy rating to a strong-buy rating in a research note on Friday, July 7th. Credit Suisse Group lowered shares of CVR Refining, from an outperform rating to a neutral rating and set a $10.00 price objective for the company. in a research note on Tuesday, June 20th. Finally, Tudor Pickering upgraded shares of CVR Refining, from a hold rating to a buy rating in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $10.00.

CVR Refining, (NYSE CVRR) traded down 2.71% during trading on Wednesday, hitting $10.75. The stock had a trading volume of 456,294 shares. The firm has a 50 day moving average price of $9.63 and a 200-day moving average price of $9.20. CVR Refining, has a 1-year low of $6.45 and a 1-year high of $12.55. The firm has a market capitalization of $1.59 billion, a PE ratio of 29.94 and a beta of 1.28.

CVR Refining, (NYSE:CVRR) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.23 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. On average, equities research analysts expect that CVR Refining, will post $0.71 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/10/19/cvr-refining-lp-cvrr-given-new-10-50-price-target-at-citigroup-inc.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new position in shares of CVR Refining, during the 1st quarter valued at $100,000. Alliancebernstein L.P. purchased a new position in shares of CVR Refining, during the 1st quarter valued at $112,000. PNC Financial Services Group Inc. grew its position in shares of 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 in the last quarter. Stifel Financial Corp grew its position in shares of CVR Refining, by 13.5% during the 1st quarter. Stifel Financial Corp now owns 31,157 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,716 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of CVR Refining, during the 2nd quarter valued at $439,000. Hedge funds and other institutional investors own 10.98% 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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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.

Latest News

Leave a Reply