CVR Refining LP (CVRR) : Traders are bullish on CVR Refining LP (CVRR) as it has outperformed the S&P 500 by a wide margin of 78.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 47.24%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 48.03% in the last 1 week, and is up 74.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 58.24% and the 50-Day Moving Average is 69.44%.The 200 Day SMA reached 3.62% CVR Refining, LP is up 32.67% in the last 3-month period. Year-to-Date the stock performance stands at -40.57%.
CVR Refining LP (CVRR) : 2 Wall Street analysts covering CVR Refining LP (CVRR) believe that the average level the stock could reach for the short term is $5.5. The maximum price target given is $6 and the minimum target for short term is around $5, hence the standard deviation is calculated at $0.71.
The shares have received a consensus rating of Sell for the current week CVR Refining LP (NYSE:CVRR): The stock opened at $9.05 and touched an intraday high of $11.25 on Friday. During the day, the stock corrected to an intraday low of $8.51, however, the bulls stepped in and pushed the price higher to close in the green at $11.25 with a gain of 23.49% for the day. The total traded volume for the day was 11,406,298. The stock had closed at $11.25 in the previous trading session.
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.