CVR Refining LP (NYSE:CVRR) price target bumped up to $10.00, released a research note today by Zacks Investment Research
- Updated: October 12, 2016
In a report released on Wednesday October 12, 2016 Zacks Investment Research bumped up the target of CVR Refining LP (NYSE:CVRR) to $10.00 stating a potential upside of 0.13%.
Just yesterday CVR Refining LP (NYSE:CVRR) traded 1.13% higher at $8.83. CVR Refining LP’s 50-day average is $8.25 and its two hundred day average is $8.91. With the last stock price down 0.24% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 219,858 shares of the stock were exchanged, down from an average trading volume of 910,725
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CVR Refining LP has a price-earnings ratio of 49.89 with a one year low of $5.50 and a one year high of $22.74 CVRR’s total market value is presently $0.
A total of 7 equity analysts have released a ratings update on CVRR. zero analysts rating the company a strong buy, one analyst rating the company a buy, six analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $11.14.
More About CVR Refining LP (NYSE:CVRR)
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. The Company is a petroleum refiner and it owns approximately 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 with a capacity of approximately 115,000 barrels per calendar day (bpcd) and a crude oil refinery in Wynnewood, Oklahoma with a capacity of over 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oils. It also controls and operates supporting logistics assets, including approximately 340 miles of owned and leased pipelines; approximately 150 crude oil transports; a network of crude oil gathering tank farms; over 7.0 million barrels of owned and leased crude oil storage capacity, and approximately 4.5 million barrels of combined refinery related storage capacity.
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