BidaskClub upgraded shares of CVR Refining, LP (NYSE:CVRR) from a hold rating to a buy rating in a research note published on Thursday.

A number of other research firms have also recently commented on CVRR. Zacks Investment Research upgraded CVR Refining, from a strong sell rating to a hold rating in a research report on Tuesday, September 12th. ValuEngine raised CVR Refining, from a buy rating to a strong-buy rating in a research report on Friday, July 7th. Credit Suisse Group cut CVR Refining, from an outperform rating to a neutral rating and set a $10.00 target price on the stock. in a research report on Tuesday, June 20th. Citigroup Inc. restated a neutral rating and set a $8.00 price target on shares of CVR Refining, in a research note on Wednesday, August 2nd. Finally, UBS AG restated a neutral rating and set a $8.50 price target (down from $10.00) on shares of CVR Refining, in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $9.56.

Shares of CVR Refining, (NYSE CVRR) opened at 9.85 on Thursday. CVR Refining, has a 52 week low of $6.45 and a 52 week high of $12.55. The company has a market capitalization of $1.45 billion, a PE ratio of 27.44 and a beta of 1.28. The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $9.16.

CVR Refining, (NYSE:CVRR) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.23 billion. CVR Refining, had a net margin of 1.02% and a return on equity of 3.99%. CVR Refining,’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Analysts predict that CVR Refining, will post $0.25 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of CVRR. Morgan Stanley raised its stake in shares of CVR Refining, by 36.1% in the first quarter. Morgan Stanley now owns 2,004,627 shares of the oil and gas company’s stock worth $18,945,000 after buying an additional 531,355 shares during the period. Bank of America Corp DE lifted its position in shares of CVR Refining, by 39.1% during the 1st quarter. Bank of America Corp DE now owns 1,131,430 shares of the oil and gas company’s stock valued at $10,692,000 after buying an additional 318,126 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of CVR Refining, during the 2nd quarter valued at about $9,916,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of CVR Refining, during the 2nd quarter valued at about $8,935,000. Finally, Artemis Investment Management LLP purchased a new position in shares of CVR Refining, during the 2nd quarter valued at about $5,897,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

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.

Analyst Recommendations for CVR Refining, (NYSE:CVRR)

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