CVR Refining, LP (CVRR) Stock Rating Upgraded by Tudor Pickering

CVR Refining, LP (NYSE:CVRR) was upgraded by equities research analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also recently issued reports about the stock. BidaskClub cut shares of CVR Refining, from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of CVR Refining, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of CVR Refining, from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. UBS AG reissued a “neutral” rating and issued a $8.50 price objective (down from $10.00) on shares of CVR Refining, in a research note on Tuesday, August 8th. Finally, Citigroup Inc. dropped their price objective on shares of CVR Refining, from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.69.

Shares of CVR Refining, (NYSE:CVRR) opened at 11.40 on Monday. The company’s 50-day moving average is $9.01 and its 200-day moving average is $9.11. The stock has a market capitalization of $1.68 billion, a P/E ratio of 31.75 and a beta of 1.28. CVR Refining, has a one year low of $6.45 and a one year high of $12.55.

CVR Refining, (NYSE:CVRR) last announced its 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.23 billion. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, equities research analysts anticipate that CVR Refining, will post $0.35 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “CVR Refining, LP (CVRR) Stock Rating Upgraded by Tudor Pickering” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.com-unik.info/2017/10/11/cvr-refining-lp-cvrr-stock-rating-upgraded-by-tudor-pickering.html.

A number of institutional investors and hedge funds have recently made changes to their positions in CVRR. HighTower Advisors LLC purchased a new stake in shares of CVR Refining, during the 1st quarter worth $100,000. Alliancebernstein L.P. purchased a new stake in shares of CVR Refining, during the 1st quarter worth $112,000. PNC Financial Services Group Inc. boosted 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 worth $195,000 after purchasing an additional 2,000 shares in the last quarter. Clinton Group Inc. boosted its position in shares of CVR Refining, by 58.7% during the 1st quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock worth $263,000 after purchasing an additional 10,303 shares in the last quarter. Finally, Stifel Financial Corp boosted 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 worth $301,000 after purchasing an additional 3,716 shares in the last quarter. 10.98% of the stock is currently owned by institutional investors.

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)

What are top analysts saying about CVR Refining LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CVR Refining LP and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit