Economy

CVR Refining, LP (NYSE:CVRR) Under Analyst Spotlight

ValuEngine upgraded CVR Refining, from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 7th.

Other equities research analysts also recently issued research reports about the stock. Terex Corporation (NYSE:TEX) was reduced too. QIWI's profit will be $14.60 million for 17.05 P/E if the $0.24 EPS becomes a reality. This continues to be an interesting story, and we look forward to updating it again soon on CVR Refining, LP. If the stock price is unchanged its weighted alpha will be smaller. The Value Composite Two of CVR Refining, LP (NYSE:CVRR) is 15. It has underperformed by 19.65% the S&P500.

At the end of June reporting period, 38 institutional holders increased their position in CVR Refining, LP (NYSE:CVRR) by some 4,682,123 shares, 41 decreased positions by 3,240,904 and 13 held positions by 8,286,739. Therefore 20% are positive. On average, equities analysts predict that CVR Refining, LP will post $0.25 EPS for the current fiscal year. Citigroup downgraded the stock to "Neutral" rating in Wednesday, October 21 report. Citigroup maintained CVR Refining LP (NYSE:CVRR) rating on Monday, July 17. Piper Jaffray maintained it with "Underweight" rating and $5 target in Monday, August 22 report. The rating was downgraded by UBS on Wednesday, September 2 to "Neutral". As per Thursday, November 10, the company rating was upgraded by Credit Suisse. The rating was upgraded by Goldman Sachs to "Neutral" on Monday, January 23. Its down 0.13, from 1.13 in 2017Q1.

At the time of writing, CVR Refining, LP (NYSE:CVRR) has a Piotroski F-Score of 8. The stock's quarterly performance specifies a shift of 16.49%, and its last twelve month performance is stands at 24.43% while moved 18.38% for the past six months. The correct version of this report can be accessed at https://www.truebluetribune.com/2017/10/09/cvr-refining-lp-cvrr-lifted-to-buy-at-tudor-pickering.html. Days to cover decreased 0.0 to 4.0 and the percentage of shorted shares is 0.01% as of September 15. Mark Sheptoff Financial Planning has 0.03% invested in CVR Refining LP (NYSE:CVRR). Renaissance Tech Lc has invested 0% in CVR Refining LP (NYSE:CVRR). Arrowstreet Cap Lp has 940,536 shares for 0.03% of their portfolio. The price to earnings ratio for CVR Refining, LP (NYSE:CVRR) is 28.406037. Jpmorgan Chase And Com, New York-based fund reported 540,433 shares. National Bank Of Montreal Can holds 80,600 shares or 0% of its portfolio. Companies may issue new shares and buy back their own shares. The Price Index 12m for CVR Refining, LP (NYSE:CVRR) is 1.13712. About 1.17 million shares traded. Royal Bancshares Of Canada stated it has 22,629 shares or 0% of all its holdings. Finally, Alliancebernstein L.P. acquired a new position in CVR Refining, during the 1st quarter valued at approximately $112,000. After this sale, 12,000 common shares of CVRR are directly owned by the insider, with total stake valued at $131,400.

Short traders are more bullish on CVR Refining, LP Common Units R of late as implied by the change in short interest. The company has grown sales at a -1.40% annual rate over the past five years, putting it in the low growth category. The Company is a petroleum refiner. Leverage ratio is the total debt of a company divided by total assets of the current and past year divided by two. 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.

Investors sentiment decreased to 0.82 in 2017 Q2. 68 funds opened positions while 121 raised stakes. The Company's divisions include Red Lake Gold Mines Ontario Partnership, Goldcorp Canada Ltd./Goldcorp Inc. Parkwood Limited Liability Corp accumulated 141,000 shares. The Texas-based U S Global Investors Inc has invested 0.35% in the stock.

Shares of Cree, Inc. Capstone Asset Mgmt reported 9,172 shares. Barclays Public Ltd Co reported 0% stake.



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