CVR Refining (NYSE:CVRR) had its price target cut by equities research analysts at Citigroup from $25.00 to $21.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “hold” rating on the oil and gas company’s stock. Citigroup’s target price would indicate a potential upside of 15.07% from the company’s previous close.

CVRR has been the topic of a number of other reports. TheStreet upgraded shares of CVR Refining from a “c+” rating to a “b” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of CVR Refining from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, April 24th. Tudor Pickering upgraded shares of CVR Refining from a “hold” rating to a “buy” rating in a report on Friday, May 18th. JPMorgan Chase & Co. boosted their target price on shares of CVR Refining from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Finally, ValuEngine upgraded shares of CVR Refining from a “buy” rating to a “strong-buy” rating in a report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. CVR Refining presently has a consensus rating of “Hold” and a consensus price target of $19.36.

Shares of NYSE CVRR opened at $18.25 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.87. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 30.42 and a beta of 1.49. CVR Refining has a 52-week low of $6.75 and a 52-week high of $26.00.

CVR Refining (NYSE:CVRR) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.22. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. CVR Refining had a net margin of 4.94% and a return on equity of 18.39%. CVR Refining’s revenue for the quarter was up 36.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) EPS. equities analysts forecast that CVR Refining will post 2.09 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Premia Global Advisors LLC purchased a new position in shares of CVR Refining during the 2nd quarter worth about $103,000. Arete Wealth Advisors LLC purchased a new position in shares of CVR Refining during the 1st quarter worth about $141,000. Koch Industries Inc. boosted its stake in shares of CVR Refining by 39.1% during the 1st quarter. Koch Industries Inc. now owns 17,993 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 5,062 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new position in shares of CVR Refining during the 1st quarter worth about $248,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of CVR Refining during the 2nd quarter worth about $286,000. Hedge funds and other institutional investors own 15.54% 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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