Impact of Brokerage Rating on CVR Refining, LP(CVRR)

Many CVR Refining, LP(CVRR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CVR Refining LP was Upgraded by Goldman to Neutral on Jan 23, 2017. CVR Refining LP was Upgraded by Credit Suisse to Outperform on Dec 9, 2016. CVR Refining LP was Upgraded by JP Morgan to Overweight on Dec 7, 2016. CVR Refining LP was Upgraded by Piper Jaffray to Neutral on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Aug 2, 2016, Carl C Icahn (director 10% owner) sold 250,000 shares at 5.70 per share price.On Feb 26, 2015, Robert W Haugen (EVP, Refining Operations) sold 4,000 shares at 18.59 per share price.

CVR Refining LP Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.19. Analyst had a consensus of $0.30. The company had revenue of $1163.50 million for the quarter, compared to analysts expectations of $1110.36 million. The companys revenue was down -14.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

CVR Refining, LP (NYSE:CVRR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 4 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

CVR Refining, LP (NYSE:CVRR) shares are expected to touch $9.67 in the short term. This short term price target has been shared by 3 analysts. However, the standard deviation of short term price estimate has been valued at 1.15. The target price could hit $11 on the higher end and $9 on the lower end.

CVR Refining, LP (NYSE:CVRR) rose 2.9% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $10.3 the stock was seen hitting $10.75 as a peak level and $10.2 as the lowest level. The stock ended up at $10.65. The daily volume was measured at 736,164 shares. The 52-week high of the share price is $13.95 and the 52-week low is $5.5. The company has a market cap of $1,572 million.

CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas.


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