Shares of CVR Refining LP (NYSE:CVRR) have received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $9.56.
CVRR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded CVR Refining from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday. Barclays PLC restated an “underweight” rating and set a $9.00 target price (up previously from $6.00) on shares of CVR Refining in a report on Monday, October 10th. TheStreet upgraded CVR Refining from a “sell” rating to a “hold” rating in a report on Thursday, October 6th. Piper Jaffray Cos. lifted their price objective on CVR Refining from $5.00 to $6.00 and gave the company an “underweight” rating in a report on Friday, September 16th. Finally, Citigroup Inc. boosted their price objective on CVR Refining from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Wednesday, September 14th.
In other CVR Refining news, Director Carl C. Icahn sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $5.70, for a total transaction of $1,425,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of CVR Refining by 4.2% in the first quarter. Geode Capital Management LLC now owns 28,310 shares of the company’s stock worth $341,000 after buying an additional 1,147 shares in the last quarter. Groesbeck Investment Management Corp NJ boosted its stake in shares of CVR Refining by 0.6% in the first quarter. Groesbeck Investment Management Corp NJ now owns 203,900 shares of the company’s stock worth $2,463,000 after buying an additional 1,200 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of CVR Refining by 5.5% in the second quarter. Stifel Financial Corp now owns 26,841 shares of the company’s stock worth $208,000 after buying an additional 1,400 shares in the last quarter. State Street Corp boosted its stake in shares of CVR Refining by 4.1% in the first quarter. State Street Corp now owns 47,199 shares of the company’s stock worth $570,000 after buying an additional 1,847 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of CVR Refining by 34.2% in the third quarter. Eqis Capital Management Inc. now owns 13,590 shares of the company’s stock worth $119,000 after buying an additional 3,465 shares in the last quarter.
CVR Refining (NYSE:CVRR) opened at 8.78 on Wednesday. The stock has a 50 day moving average price of $8.38 and a 200-day moving average price of $8.88. The firm has a market cap of $1.30 billion, a P/E ratio of 49.05 and a beta of 1.34. CVR Refining has a one year low of $5.50 and a one year high of $22.74.
CVR Refining (NYSE:CVRR) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.23. The firm earned $1.16 billion during the quarter, compared to analyst estimates of $1.06 billion. CVR Refining’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts predict that CVR Refining will post $0.27 EPS for the current fiscal year.