CVR Refining, LP (NYSE:CVRR) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.50.

Several research analysts have recently weighed in on CVRR shares. BidaskClub lowered shares of CVR Refining, from a “sell” rating to a “strong sell” rating in a report on Sunday, August 6th. Zacks Investment Research upgraded shares of CVR Refining, from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 12th. ValuEngine upgraded shares of CVR Refining, from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. Credit Suisse Group lowered shares of CVR Refining, from an “outperform” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Tuesday, June 20th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $8.00 price objective on shares of CVR Refining, in a report on Wednesday, August 2nd.

CVR Refining, (NYSE:CVRR) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.30). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.23 billion. CVR Refining, had a return on equity of 3.99% and a net margin of 1.02%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Artemis Investment Management LLP purchased a new position in CVR Refining, in the second quarter valued at approximately $5,897,000. PNC Financial Services Group Inc. raised its holdings in CVR Refining, by 10.8% in the first quarter. PNC Financial Services Group Inc. now owns 20,550 shares of the oil and gas company’s stock valued at $195,000 after buying an additional 2,000 shares during the period. Morgan Stanley raised its holdings in CVR Refining, by 36.1% in the first quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock valued at $18,945,000 after buying an additional 531,355 shares during the period. Airain ltd purchased a new position in CVR Refining, in the first quarter valued at approximately $196,000. Finally, Parkwood LLC raised its holdings 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 valued at $1,340,000 after buying an additional 53,487 shares during the period. Hedge funds and other institutional investors own 10.96% of the company’s stock.

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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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