CVR Refining LP (NYSE:CVRR) Has Just Had Its Target Cut by Analysts at Credit Suisse to $23.00

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Analysis: CVR Refining LP (NYSE:CVRR) Stock Target Upgraded Today

In recent note distributed by Credit Suisse on 2 December, the firm, CVR Refining LP (NYSE:CVRR), had their price target cut to $23.00. Analusts at present have a solid “Neutral” rating on the stock.

From a total of 5 analysts covering CVR Refining LP (NYSE:CVRR) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 13% of the ratings are positive. The highest target price is $27 while the lowest target price is $21. The mean of all analyst targets is $23.2 with a 6.29% above today’s ($22.27) stock price. CVR Refining LP was the topic of 4 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on October 21 to “Neutral” rating. Macquarie Research initiated CVRR stock in a recent report from July 24 with “Neutral” rating.

Approximately 102,781 shares of stock traded hands. CVR Refining LP (NYSE:CVRR) has risen 3.15% since April 29, 2015 and is uptrending. It has outperformed by 3.35% the S&P500.

CVR Refining, LP is an independent downstream energy limited partnership. The company has a market cap of $3.29 billion. The Firm has refining and related logistics assets that operate in the mid-continent region. It has 10.78 P/E ratio. It owns two refineries in the underserved Group 3 of the PADD II region of the United States.

According to Zacks Investment Research, “CVR Refining, LP is engaged in the refining of petroleum primarily in the United States. It has refining and related logistics assets that operate in the mid-continent region. The company operates in Coffeyville, Kansas, Wynnewood and Oklahoma. CVR Refining, LP is headquartered in Sugar Land, Texas.” Get a free copy of the Zacks research report on CVR Refining LP (CVRR).

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