Media coverage about CVR Refining (NYSE:CVRR) has been trending positive this week, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CVR Refining earned a coverage optimism score of 0.29 on AlphaOne’s scale. AlphaOne also gave headlines about the oil and gas company an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted AlphaOne Sentiment’s scoring:
- CVR Refining, LP (NYSE:CVRR) Stock Update & Valuation Review – Concord Register (concordregister.com)
- CVR Refining LP (CVRR) Expected to Post Earnings of $0.45 Per Share (americanbankingnews.com)
- CVR Refining, LP (NYSE:CVRR) Shareholder Return in Focus – Lenox Ledger (lenoxledger.com)
- Cvr Refining LP (CVRR) Indicators in Focus – Stock Daily Review (stockdailyreview.com)
- The CVR Refining LP (CVRR) Position Cut by Sheaff Brock Investment Advisors LLC – BangaloreWeekly (bangaloreweekly.com)
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of CVR Refining from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. JPMorgan Chase & Co. lowered shares of CVR Refining from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $12.50 to $11.00 in a report on Thursday, March 9th. TheStreet raised shares of CVR Refining from a “d+” rating to a “c-” rating in a report on Thursday, February 16th. Citigroup Inc reissued a “neutral” rating and issued a $10.00 price target (down previously from $11.80) on shares of CVR Refining in a report on Saturday, April 22nd. Finally, Goldman Sachs Group Inc raised shares of CVR Refining from a “sell” rating to a “neutral” rating and set a $12.00 price target on the stock in a report on Monday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.13.
Shares of CVR Refining (NYSE:CVRR) opened at 10.20 on Friday. The stock’s 50 day moving average is $9.62 and its 200-day moving average is $9.86. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 10.02 and a beta of 1.34. CVR Refining has a 52 week low of $5.50 and a 52 week high of $12.55.
CVR Refining (NYSE:CVRR) last released its quarterly 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. CVR Refining had a negative net margin of 2.34% and a negative return on equity of 7.55%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business earned ($0.46) EPS. The company’s revenue was up 70.7% compared to the same quarter last year. On average, equities analysts anticipate that CVR Refining will post $0.96 earnings per share for the current year.
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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.
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