Short Term Rating on CVR Refining LP (CVRR)

CVR Refining LP (CVRR) : The consensus on CVR Refining LP (CVRR) based on 5 analyst recommendation on the company stock is 3.4, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 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) : Average target price received by CVR Refining LP (CVRR) is $8.67 with an expected standard deviation of $6.03. The most aggressive target on the stock is $15, whereas the most downbeat target is $3. 3 financial analysts are currently covering the stock.

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


CVR Refining LP (NYSE:CVRR): The stock opened at $6.84 on Tuesday but the bulls could not build on the opening and the stock topped out at $6.85 for the day. The stock traded down to $6.64 during the day, due to lack of any buying support eventually closed down at $6.66 with a loss of -1.04% for the day. The stock had closed at $6.73 on the previous day. The total traded volume was 1,206,909 shares.

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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