CVR Refining (NYSE:CVRR) is set to issue its quarterly earnings data before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
CVR Refining (NYSE:CVRR) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.50). CVR Refining had a return on equity of 6.62% and a net margin of 1.57%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted ($0.07) EPS. The firm’s revenue was up 19.5% on a year-over-year basis. On average, analysts expect CVR Refining to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE:CVRR opened at $15.95 on Wednesday. CVR Refining has a 52-week low of $6.70 and a 52-week high of $18.25. The company has a market capitalization of $2,302.56, a PE ratio of 26.58 and a beta of 1.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.76.
CVRR has been the subject of several research reports. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays reissued a “hold” rating and issued a $17.00 target price on shares of CVR Refining in a research report on Wednesday, January 10th. Citigroup increased their target price on CVR Refining from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Zacks Investment Research lowered CVR Refining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Tudor Pickering lowered CVR Refining from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.70.
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CVR Refining Company Profile
CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
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