Brokerages Set CVR Refining LP (CVRR) Price Target at $12.90

CVR Refining LP (NYSE:CVRR) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $12.90.

CVRR has been the subject of a number of analyst reports. Barclays restated a “hold” rating and set a $17.00 price objective on shares of CVR Refining in a research report on Wednesday, January 10th. Zacks Investment Research downgraded shares of CVR Refining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Citigroup upped their price objective on shares of CVR Refining from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of CVR Refining from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded shares of CVR Refining from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th.

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in CVR Refining by 150.4% during the 3rd quarter. Wells Fargo & Company MN now owns 178,367 shares of the oil and gas company’s stock worth $1,758,000 after buying an additional 107,130 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of CVR Refining by 135.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 186,813 shares of the oil and gas company’s stock worth $1,840,000 after purchasing an additional 107,620 shares during the period. Brightline Capital Management LLC acquired a new position in shares of CVR Refining during the 4th quarter worth $13,240,000. HITE Hedge Asset Management LLC grew its stake in shares of CVR Refining by 22.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,276,154 shares of the oil and gas company’s stock worth $12,570,000 after purchasing an additional 232,347 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of CVR Refining by 73.9% during the 3rd quarter. GSA Capital Partners LLP now owns 80,430 shares of the oil and gas company’s stock worth $792,000 after purchasing an additional 34,171 shares during the period. Institutional investors own 13.59% of the company’s stock.

CVR Refining (NYSE:CVRR) traded down $0.55 during mid-day trading on Friday, reaching $14.40. 351,041 shares of the company traded hands, compared to its average volume of 572,149. CVR Refining has a 1 year low of $6.70 and a 1 year high of $18.25. The stock has a market cap of $2,206.62, a P/E ratio of 19.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86.

WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/02/20/brokerages-set-cvr-refining-lp-cvrr-price-target-at-12-90.html.

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)

Receive News & Ratings for CVR Refining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Refining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply