CVR Refining, LP (CVRR) Posts Quarterly Earnings Results, Beats Expectations By $0.24 EPS

CVR Refining, LP (NYSE:CVRR) announced its quarterly earnings results on Wednesday. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.24, reports. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.20 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The firm’s revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS.

CVRR has been the subject of several research reports. ValuEngine lowered CVR Refining, from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. BidaskClub upgraded CVR Refining, from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded CVR Refining, from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, October 4th. Tudor Pickering upgraded CVR Refining, from a “hold” rating to a “buy” rating in a report on Monday, October 9th. Finally, UBS AG reiterated a “neutral” rating and set a $8.50 price target (down from $10.00) on shares of CVR Refining, in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.38.

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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.

Earnings History for CVR Refining, (NYSE:CVRR)

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