The acquisition is what CVR Refining LP (NYSE:CVRR) needs f it is to rival the big boys in the industry and enjoy the benefits that come with operating as a large corporation. This number is based on the average estimate of the sell-side research firms that cover the stock. Piper Jaffray Cos.’s price target indicates a potential downside of 42.93% from the company’s previous close.
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CVRR has been the subject of several other reports.
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CVR Energy Inc. was upgraded to “neutral” by analysts at Goldman Sachs.
02/25/2014 – CVR Energy Inc. had its “neutral” rating reiterated by analysts at Macquarie. The most recent price target update that went into the average was added on 2016-09-07. The mean price target is calculated keeping in view the consensus of 1 brokerage firms.
Just like other companies in the energy sector, CVR Refining LP (NYSE:CVRR) has felt the full wrath of the bubble burst in the energy sector.
Resolute Energy Corporation (NYSE:REN) traded 1.55 Million shares on last trading day with closing price of $23.25. There were about 119.52M shares outstanding which made its market cap $1.34B. CVR Refining has a 1-year low of $5.50 and a 1-year high of $22.74.
U.S. based company, CVR Refining, LP’s (CVRR)’s latest closing price distance was -3.62% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 69.44% and 58.24% compared with the 20 Day Moving Average.
CVR Refining (NYSE:CVRR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.27.
Company mean estimate for revenue for the ongoing quarter ending Sep 16 is $1.15B by 3 analysts. The company’s revenue was down 24.8% on a year-over-year basis.
For the first six months of 2016, net income was $10.1 million on net sales of $1,998.4 million, compared to net income of $274.5 million on net sales of $2,852.0 million for the comparable period a year earlier. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Institutional investors have recently bought and sold shares of the company. Global X Management Co. The company has grown 32.67% in past 3 months and in the last five trades has moved up 48.03%. BlackRock Advisors LLC increased its stake in shares of CVR Energy by 1.3% in the second quarter. The company has a market cap of $376.51M and now has 409.92M shares outstanding.
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08/04/2016 – CVR Refining, LP was downgraded to “underweight” by analysts at Barclays. It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership).
