CVR Refining (CVRR) to Release Quarterly Earnings on Wednesday

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.

How to Become a New Pot Stock Millionaire

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.

WARNING: “CVR Refining (CVRR) to Release Quarterly Earnings on Wednesday” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/18/cvr-refining-cvrr-to-release-quarterly-earnings-on-wednesday.html.

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.

Earnings History 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