Headlines about CVR Refining (NYSE:CVRR) have trended positive on Thursday, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CVR Refining earned a media sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 82 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted AlphaOne’s scoring:
- CVR Energy Announces 2017 First Quarter Earnings Call (marketwatch.com)
- CVR Refining Announces 2017 First Quarter Earnings Call (finance.yahoo.com)
- CVR Refining LP (CVRR) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
- CVR Refining LP (CVRR) Upgraded to Neutral at Goldman Sachs Group Inc (americanbankingnews.com)
- Brokerages Anticipate CVR Refining LP (CVRR) Will Announce Quarterly Sales of $0.00 (americanbankingnews.com)
Several equities research analysts have recently issued reports on CVRR shares. Barclays PLC reissued a “sell” rating and set a $10.00 target price on shares of CVR Refining in a research note on Wednesday, January 11th. Goldman Sachs Group Inc raised shares of CVR Refining from a “sell” rating to a “neutral” rating and set a $12.00 target price on the stock in a research note on Monday, January 23rd. Credit Suisse Group AG increased their target price on shares of CVR Refining from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, January 26th. Zacks Investment Research lowered shares of CVR Refining from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, TheStreet raised shares of CVR Refining from a “d+” rating to a “c-” rating in a research note on Thursday, February 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.00.
Shares of CVR Refining (NYSE:CVRR) traded down 0.55% on Thursday, reaching $9.00. 282,427 shares of the company were exchanged. The stock has a 50 day moving average of $10.06 and a 200-day moving average of $9.66. The company has a market capitalization of $1.33 billion, a P/E ratio of 86.54 and a beta of 1.34. CVR Refining has a 52-week low of $5.50 and a 52-week high of $13.25.
CVR Refining (NYSE:CVRR) last announced its quarterly earnings results on Thursday, February 16th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. CVR Refining had a negative net margin of 2.34% and a negative return on equity of 7.55%. The firm earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.18 million. During the same period in the previous year, the company earned ($0.83) earnings per share. CVR Refining’s quarterly revenue was up 33.9% compared to the same quarter last year. On average, analysts predict that CVR Refining will post $0.72 EPS for the current fiscal year.
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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