CVR Refining, LP (NYSE:CVRR) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Sunday.

CVRR has been the subject of a number of other reports. Citigroup Inc. decreased their price objective on CVR Refining, from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, July 17th. Zacks Investment Research cut CVR Refining, from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. UBS AG restated a “neutral” rating and set a $8.50 price objective (down from $10.00) on shares of CVR Refining, in a research note on Wednesday, August 2nd. Credit Suisse Group cut CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Tuesday, June 20th. Finally, ValuEngine upgraded CVR Refining, from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.56.

CVR Refining, (NYSE CVRR) opened at 7.30 on Friday. CVR Refining, has a 12 month low of $5.65 and a 12 month high of $12.55. The firm’s 50-day moving average price is $9.13 and its 200 day moving average price is $9.93. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 20.33 and a beta of 1.28.

CVR Refining, (NYSE:CVRR) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.30. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The firm 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 company posted $0.53 EPS. CVR Refining,’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts anticipate that CVR Refining, will post $0.14 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in CVRR. HITE Hedge Asset Management LLC acquired a new stake in CVR Refining, during the second quarter worth approximately $9,916,000. Parkwood LLC boosted its stake in CVR Refining, by 61.1% in the second quarter. Parkwood LLC now owns 141,000 shares of the oil and gas company’s stock worth $1,340,000 after buying an additional 53,487 shares during the period. Acadian Asset Management LLC boosted its stake in CVR Refining, by 389.1% in the second quarter. Acadian Asset Management LLC now owns 572,644 shares of the oil and gas company’s stock worth $5,442,000 after buying an additional 455,572 shares during the period. Russell Investments Group Ltd. acquired a new stake in CVR Refining, during the second quarter worth approximately $570,000. Finally, Bank of Montreal Can acquired a new stake in CVR Refining, during the second quarter worth approximately $766,000. Institutional investors own 11.55% of the company’s stock.

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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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