CVR Refining (CVRR) Earning Somewhat Favorable Media Coverage, Report Shows
News articles about CVR Refining (NYSE:CVRR) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. CVR Refining earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.68691845762 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Notable Insider Stake In CVR Refining, LP (NYSE:CVRR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Why CVR Refining (CVRR) Could Be a Top Value Stock Pick – Nasdaq (nasdaq.com)
- Last Week’s MLP Ratings Updates (finance.yahoo.com)
- CVR REFINING, LP (NYSE:CVRR) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
Shares of CVR Refining (NYSE:CVRR) traded down $0.15 on Friday, reaching $12.40. 179,754 shares of the company were exchanged, compared to its average volume of 523,358. The company has a market cap of $1,830.24, a price-to-earnings ratio of 17.22 and a beta of 1.32. The company has a quick ratio of 1.34, a current ratio of 1.86 and a debt-to-equity ratio of 0.38. CVR Refining has a 12-month low of $6.70 and a 12-month high of $13.21.
CVR Refining (NYSE:CVRR) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.24. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.20 billion. CVR Refining had a net margin of 1.98% and a return on equity of 7.90%. CVR Refining’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. research analysts anticipate that CVR Refining will post 1.53 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 10th were given a $0.94 dividend. The ex-dividend date was Thursday, November 9th. CVR Refining’s dividend payout ratio is presently 522.23%.
CVRR has been the subject of several recent research reports. Barclays PLC upgraded shares of CVR Refining from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $13.00 to $14.00 in a research report on Tuesday, November 14th. BidaskClub lowered shares of CVR Refining from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 6th. ValuEngine lowered shares of CVR Refining from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded shares of CVR Refining from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, October 4th. Finally, UBS AG restated a “neutral” rating and set a $8.50 price target (down previously from $10.00) on shares of CVR Refining in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. CVR Refining has an average rating of “Hold” and a consensus target price of $11.29.
About CVR Refining
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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