11/25/2014 - CVR Energy Inc. was downgraded to " by analysts at Zacks. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It has refining and related logistics assets that operate in the mid-continent region.
Investors may be keeping an eye on FCF or Free Cash Flow scores for CVR Refining, LP (NYSE:CVRR). It also doesn't help that CVR Refining has been on the losing end of some bets that RIN prices would fall. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.
With a total market value of $0, CVR Refining LP has price-earnings ratio of 96.63 with a one year low of $5.50 and a one year high of $12.55. The latest reports which are outstanding on Monday 1st of May state 0 analysts have a rating of "strong buy", 0 analysts "buy", 2 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". The company now has a consensus rating of Hold and a consensus price target of $10.13. A total of 2.10M shares exchanged hands, whereas the company's average trading volume stands at 754.29K shares. While the company's share hit the 52 week high on 01/03/17 stationing the value of $25.34. The firm shows a 20-Day Simple Moving Average of 16.08% with a 200-Day Simple Moving Average of 25.76%. The stock has a market capitalization of $1.76 billion, a P/E ratio of 72.57 and a beta of 1.74.
CVR Refining (NYSE:CVRR) last issued its earnings results on Thursday, February 16th. CVR Energy, Inc. Oil & Gas Refining & Marketing holds an EPS of 0.29 that demonstrates an EPS growth this year at -85.40%.
The diversified holding company posted revenue of $1.51 billion in the period. CVR Refining earned $67 million, or $0.45 per share, which trounced the analyst consensus by a whopping $0.42 per share. The business's revenue for the quarter was up 33.9% compared to the same quarter past year.
Previous year was a brutal one for refiners as surging compliance costs and shrinking margins cut deeply into earnings.
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Institutional investors have recently bought and sold shares of the company. However a year ago during same quarter CVR Energy, Inc. JPMorgan Chase & Co. increased its stake in CVR Energy by 400.1% in the third quarter. Sei Investments Co. now owns 23,524 shares of the company's stock worth $324,000 after buying an additional 23,488 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in CVR Refining during the fourth quarter worth approximately $277,000. Institutional investors own 6.50% of the company's stock. Those results not only fueled rallies for those refiners, but according to data from S&P Global Market Intelligence, independent refiners Alon USA Energy (NYSE: ALJ) and PBF Energy (NYSE: PBF) got a big boost from the results as well because investors expect the same when they report next month.