CVR Refining, LP (NYSE:CVRR) to Release Quarterly Earnings on Wednesday
CVR Refining, LP (NYSE:CVRR) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
CVR Refining, (NYSE:CVRR) last announced its earnings results on Thursday, April 27th. The oil and gas company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.42. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.25 billion. CVR Refining, had a net margin of 2.99% and a return on equity of 11.43%. The company’s revenue for the quarter was up 70.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.46) EPS. On average, analysts expect CVR Refining, to post $0.64 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Shares of CVR Refining, LP (NYSE:CVRR) opened at 9.30 on Tuesday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 9.14 and a beta of 1.33. CVR Refining, LP has a 52 week low of $5.50 and a 52 week high of $12.55. The stock’s 50 day moving average is $9.37 and its 200-day moving average is $10.05.
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CVRR has been the topic of several recent research reports. ValuEngine upgraded shares of CVR Refining, from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. BidaskClub upgraded shares of CVR Refining, from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded shares of CVR Refining, from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Credit Suisse Group cut shares of CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Tuesday, June 20th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $10.00 price target (down from $11.80) on shares of CVR Refining, in a report on Saturday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.63.
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.
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