UBS AG restated their neutral rating on shares of CVR Refining, LP (NYSE:CVRR) in a research note issued to investors on Tuesday morning, www.flashratings.com reports. They currently have a $8.50 target price on the oil and gas company’s stock, down from their previous target price of $10.00.

Several other equities research analysts also recently weighed in on CVRR. BidaskClub downgraded shares of CVR Refining, from a hold rating to a sell rating in a research report on Monday, July 31st. Citigroup Inc. reissued a neutral rating and set a $8.00 price target on shares of CVR Refining, in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of CVR Refining, from a hold rating to a sell rating in a research report on Tuesday, July 11th. ValuEngine raised shares of CVR Refining, from a hold rating to a buy rating in a research report on Tuesday, June 13th. Finally, Credit Suisse Group downgraded shares of CVR Refining, from an outperform rating to a neutral rating and set a $10.00 price target for the company. in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $9.56.

Shares of CVR Refining, (CVRR) traded down 1.46% during trading on Tuesday, hitting $6.75. The stock had a trading volume of 445,588 shares. The firm has a market cap of $996.30 million, a PE ratio of 18.80 and a beta of 1.28. The stock has a 50 day moving average of $8.67 and a 200 day moving average of $9.74. CVR Refining, has a 52-week low of $6.21 and a 52-week high of $12.55.

CVR Refining, (NYSE:CVRR) last announced its quarterly earnings results 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 firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. CVR Refining,’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, equities analysts anticipate that CVR Refining, will post $0.14 EPS for the current year.

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Large investors have recently modified their holdings of the company. HighTower Advisors LLC bought a new stake in shares of CVR Refining, during the first quarter valued at about $100,000. Alliancebernstein L.P. bought a new stake in shares of CVR Refining, during the first quarter valued at about $112,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 in the last quarter. Airain ltd bought a new stake in shares of CVR Refining, during the first quarter valued at about $196,000. Finally, Clinton Group Inc. boosted its stake in shares of CVR Refining, by 58.7% in the first quarter. Clinton Group Inc. now owns 27,868 shares of the oil and gas company’s stock valued at $263,000 after buying an additional 10,303 shares in the last quarter. Institutional investors own 11.55% of the company’s stock.

About CVR Refining,

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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