Tudor Pickering upgraded shares of CVR Refining, LP (NYSE:CVRR) from a hold rating to a buy rating in a research note issued to investors on Monday, MarketBeat.com reports.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded CVR Refining, from a hold rating to a sell rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded CVR Refining, from a hold rating to a sell rating in a report on Tuesday, July 11th. ValuEngine downgraded CVR Refining, from a buy rating to a hold rating in a report on Monday, September 11th. UBS AG reaffirmed a neutral rating and set a $8.50 price objective (down from $10.00) on shares of CVR Refining, in a report on Tuesday, August 8th. Finally, Citigroup Inc. decreased their price objective on CVR Refining, from $11.00 to $10.00 and set a neutral rating on the stock in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $9.69.
CVR Refining, (NYSE:CVRR) opened at 11.35 on Monday. The company has a market cap of $1.68 billion, a P/E ratio of 31.62 and a beta of 1.28. CVR Refining, has a 12-month low of $6.45 and a 12-month high of $12.55. The firm’s 50-day moving average price is $9.24 and its 200-day moving average price is $9.14.
CVR Refining, (NYSE:CVRR) last released its 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). CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts expect that CVR Refining, will post $0.56 EPS for the current year.
Several large investors have recently bought and sold shares of the company. U S Global Investors Inc. bought a new position in shares of CVR Refining, in the second quarter valued at approximately $1,034,000. Arrowstreet Capital Limited Partnership bought a new position in CVR Refining, in the 2nd quarter worth approximately $8,935,000. Stifel Financial Corp raised its position in CVR Refining, by 26.8% in the 2nd quarter. Stifel Financial Corp now owns 39,499 shares of the oil and gas company’s stock worth $385,000 after purchasing an additional 8,342 shares during the last quarter. California Public Employees Retirement System raised its position in CVR Refining, by 3.3% in the 2nd quarter. California Public Employees Retirement System now owns 100,400 shares of the oil and gas company’s stock worth $954,000 after purchasing an additional 3,200 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in CVR Refining, in the 2nd quarter worth approximately $439,000. Institutional investors own 10.98% of the company’s stock.
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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