Analyst Rating Update on CVR Refining LP (CVRR)

CVR Refining LP (CVRR) : The consensus on CVR Refining LP (CVRR) based on 4 analyst recommendation on the company stock is 3.5, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

CVR Refining LP (CVRR) : The consensus price target for CVR Refining LP (CVRR) is $7.33 for the short term with a standard deviation of $3.06. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $4.

Company shares have received an average consensus rating of Hold for the current week


CVR Refining LP (NYSE:CVRR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.72 and $5.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.12, notching a gain of 8.90% for the day. The total traded volume was 1,238,197 . The stock had closed at $5.62 on the previous day.

CVR Refining, LP is an independent downstream energy limited partnership. The Company has refining and related logistics assets that operate in the mid-continent region. It owns two refineries in the underserved Group 3 of the PADD II region of the United States. It owns and operates a full coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. In addition, the Company also controls and operates supporting logistics assets, including owned and leased pipelines, owned crude oil transports, a network of crude oil gathering tank farms, owned and leased crude oil storage capacity and combined refinery related storage capacity. It processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Company offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.

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