ValuEngine downgraded shares of CVR Refining, LP (NYSE:CVRR) from a strong-buy rating to a buy rating in a research report released on Monday.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of CVR Refining, from a hold rating to a sell rating in a report on Monday, April 17th. Citigroup Inc. reissued a neutral rating and set a $10.00 target price (down from $11.80) on shares of CVR Refining, in a report on Saturday, April 22nd. Credit Suisse Group lowered shares of CVR Refining, from an outperform rating to a neutral rating and set a $10.00 target price on the stock. in a report on Tuesday, June 20th. BidaskClub raised shares of CVR Refining, from a sell rating to a hold rating in a report on Saturday, July 1st. Finally, UBS AG reissued a neutral rating and set a $8.50 target price (down from $10.00) on shares of CVR Refining, in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. CVR Refining, has an average rating of Hold and an average price target of $9.56.

Shares of CVR Refining, (CVRR) traded up 1.6971% during trading on Monday, reaching $7.1188. 60,854 shares of the company traded hands. CVR Refining, has a 12-month low of $6.25 and a 12-month high of $12.55. The company has a 50 day moving average price of $8.61 and a 200 day moving average price of $9.67. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 19.8295 and a beta of 1.28.

CVR Refining, (NYSE:CVRR) last posted its 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 return on equity of 3.99% and a net margin of 1.02%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities analysts predict that CVR Refining, will post $0.14 EPS for the current year.

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Several large investors have recently bought and sold shares of CVRR. Morgan Stanley raised its stake in CVR Refining, by 36.1% in the first quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock worth $18,945,000 after buying an additional 531,355 shares in the last quarter. Bank of America Corp DE raised its stake in CVR Refining, by 39.1% in the first quarter. Bank of America Corp DE now owns 1,131,430 shares of the oil and gas company’s stock worth $10,692,000 after buying an additional 318,126 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in CVR Refining, during the second quarter worth approximately $9,916,000. Arrowstreet Capital Limited Partnership purchased a new stake in CVR Refining, during the second quarter worth approximately $8,935,000. Finally, Artemis Investment Management LLP purchased a new stake in CVR Refining, during the second quarter worth approximately $5,897,000. 12.18% 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)

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