CVR Refining (CVRR) Hits New 12-Month High at $17.05

Shares of CVR Refining, LP (NYSE:CVRR) hit a new 52-week high during trading on Tuesday . The company traded as high as $17.05 and last traded at $16.55, with a volume of 563000 shares trading hands. The stock had previously closed at $16.10.

A number of analysts recently commented on CVRR shares. UBS Group lowered CVR Refining from a “neutral” rating to a “sell” rating and boosted their target price for the company from $8.50 to $10.50 in a research report on Wednesday, November 15th. Barclays raised CVR Refining from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $13.00 to $14.00 in a research report on Tuesday, November 14th. Tudor Pickering raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. BidaskClub raised CVR Refining from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Finally, Zacks Investment Research lowered CVR Refining from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.29.

The stock has a market capitalization of $2,430.00, a P/E ratio of 22.53 and a beta of 1.37. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.38.

CVR Refining (NYSE:CVRR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.20 billion. CVR Refining had a return on equity of 7.90% and a net margin of 1.98%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. equities research analysts anticipate that CVR Refining, LP will post 1.45 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in CVRR. Alliancebernstein L.P. boosted its stake in CVR Refining by 14.4% during the 2nd quarter. Alliancebernstein L.P. now owns 13,515 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,705 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in CVR Refining during the 3rd quarter valued at about $185,000. Stifel Financial Corp boosted its stake in CVR Refining by 26.8% during the 2nd quarter. Stifel Financial Corp now owns 39,499 shares of the oil and gas company’s stock valued at $385,000 after purchasing an additional 8,342 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in CVR Refining by 10.9% during the 3rd quarter. Regal Investment Advisors LLC now owns 41,637 shares of the oil and gas company’s stock valued at $410,000 after purchasing an additional 4,100 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in CVR Refining during the 2nd quarter valued at about $439,000. Institutional investors and hedge funds 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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