CVR Refining (CVRR) Given “Sell” Rating at Barclays

Barclays reiterated their sell rating on shares of CVR Refining (NYSE:CVRR) in a research report sent to investors on Friday. They currently have a $12.00 price objective on the oil and gas company’s stock.

CVRR has been the topic of a number of other reports. ValuEngine lowered shares of CVR Refining from a hold rating to a sell rating in a research report on Saturday, December 1st. Mizuho set a $25.00 price target on shares of CVR Refining and gave the company a buy rating in a research report on Wednesday, November 28th. Finally, Citigroup lowered shares of CVR Refining from a neutral rating to a sell rating and reduced their price target for the company from $20.00 to $15.00 in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $18.50.

Shares of CVR Refining stock opened at $11.24 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. CVR Refining has a twelve month low of $8.30 and a twelve month high of $26.00. The stock has a market cap of $1.64 billion, a PE ratio of 4.70 and a beta of 1.66.

CVR Refining (NYSE:CVRR) last issued its earnings results on Wednesday, October 24th. The oil and gas company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.21. CVR Refining had a net margin of 6.16% and a return on equity of 26.00%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue was up 34.0% on a year-over-year basis.

A number of large investors have recently added to or reduced their stakes in CVRR. Renaissance Technologies LLC acquired a new position in CVR Refining in the third quarter valued at about $236,000. IFG Advisory LLC acquired a new position in CVR Refining in the third quarter valued at about $445,000. Jane Street Group LLC boosted its position in CVR Refining by 63.9% in the third quarter. Jane Street Group LLC now owns 32,771 shares of the oil and gas company’s stock valued at $646,000 after buying an additional 12,771 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in CVR Refining in the third quarter valued at about $855,000. Finally, BlackRock Inc. acquired a new position in CVR Refining in the second quarter valued at about $1,756,000. Hedge funds and other institutional investors own 7.43% of the company’s stock.

CVR Refining Company Profile

CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.

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Analyst Recommendations for CVR Refining (NYSE:CVRR)

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