BidaskClub lowered shares of CVR Refining LP (NYSE:CVRR) from a sell rating to a strong sell rating in a research note issued to investors on Sunday.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of CVR Refining from a hold rating to a sell rating in a research note on Monday, April 17th. ValuEngine raised shares of CVR Refining from a buy rating to a strong-buy rating in a research note on Friday, July 7th. Citigroup Inc. reaffirmed a neutral rating and issued a $10.00 price target (down from $11.80) on shares of CVR Refining in a research note on Saturday, April 22nd. Finally, Credit Suisse Group downgraded shares of CVR Refining from an outperform rating to a neutral rating and set a $10.00 price target on the stock. in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $9.56.

CVR Refining (NYSE:CVRR) opened at 7.00 on Friday. CVR Refining has a one year low of $5.75 and a one year high of $12.55. The company has a 50-day moving average price of $8.97 and a 200-day moving average price of $9.88. The firm has a market cap of $1.03 billion, a PE ratio of 19.50 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) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.30. CVR Refining had a negative return on equity of 5.69% and a negative net margin of 1.43%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.53 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that CVR Refining will post $0.14 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of CVRR. JPMorgan Chase & Co. boosted its stake in shares of CVR Refining by 15,870.2% in the second quarter. JPMorgan Chase & Co. now owns 540,433 shares of the oil and gas company’s stock worth $5,135,000 after buying an additional 537,049 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of CVR Refining during the second quarter worth about $5,897,000. HITE Hedge Asset Management LLC acquired a new stake in shares of CVR Refining during the second quarter worth about $9,916,000. Parkwood LLC boosted its stake in shares of CVR Refining by 61.1% in the second quarter. Parkwood LLC now owns 141,000 shares of the oil and gas company’s stock worth $1,340,000 after buying an additional 53,487 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of CVR Refining by 389.1% in the second quarter. Acadian Asset Management LLC now owns 572,644 shares of the oil and gas company’s stock worth $5,442,000 after buying an additional 455,572 shares in the last quarter. Hedge funds and other institutional investors own 11.55% 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.

Analyst Recommendations for CVR Refining (NYSE:CVRR)

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