Headlines about CVR Refining (NYSE:CVRR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CVR Refining earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 45.6530957946337 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Cvr Refining LP (CVRR) Sees AroonUp Showing Strong Upward Momentum – Collins Courier (collinscourier.com)
- In Play Stock Characteristics – CVR Refining, LP (NYSE: CVRR) – Alpha Beta Stock (alphabetastock.com)
- Zacks: Brokerages Expect CVR Refining, LP (CVRR) Will Announce Earnings of $0.35 Per Share (americanbankingnews.com)
- The Zacks Analyst Blog Highlights: CVR Refining, Statoil ASA, HollyFrontier, CNOOC and North American Energy Partners (finance.yahoo.com)
- CVR Refining, LP (CVRR) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of CVR Refining (NYSE CVRR) traded up $0.35 on Tuesday, hitting $16.85. The stock had a trading volume of 1,070,000 shares, compared to its average volume of 483,686. CVR Refining has a fifty-two week low of $6.70 and a fifty-two week high of $17.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.34 and a current ratio of 1.86. The firm has a market cap of $2,490.00, a PE ratio of 23.08 and a beta of 1.37.
CVR Refining (NYSE:CVRR) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.24. CVR Refining had a return on equity of 7.90% and a net margin of 1.98%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm posted $0.11 EPS. CVR Refining’s quarterly revenue was up 19.1% compared to the same quarter last year. analysts anticipate that CVR Refining will post 1.45 earnings per share for the current fiscal year.
CVRR has been the subject of several recent analyst reports. BidaskClub upgraded CVR Refining from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Tudor Pickering raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Monday, October 9th. Zacks Investment Research raised CVR Refining from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, October 4th. Finally, Barclays raised CVR Refining from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $13.00 to $14.00 in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. CVR Refining presently has an average rating of “Hold” and an average price target of $11.29.
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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