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CVR Refining LP (NYSE:CVRR) stock price target increased to $5.00, reported today by Piper Jaffray

Just yesterday CVR Refining LP (NYSE:CVRR) traded 23.49% higher at $6.28. The company’s 50-day moving average is $6.58 and its 200-day moving average is $9.32. With the last stock close down 20.71% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Trade volume was was up over the average, with 11,406,298 shares of CVRR changing hands over the typical 861,756 shares..

CVR Refining LP (NYSE:CVRR) had its price target raised to $5 by Piper Jaffray in a report released 8/22/2016. The new target price implies a potential downside of -0.20% from the bussiness’ previous closing price.

On Thursday August 4 2016, Barclays Capital released a statement about CVR Refining LP(NYSE:CVRR) dropped the target price from $8.00 to $6.00. At the time, this suggested a downside of -0.02%.

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Also covering CVR Refining LP’s price target, a total of 7 analysts have released a research note on the company. The consensus target price is $11.14 with 0 rating the company a strong buy, one analyst rating the company a buy, six analysts rating the stock a hold, one firm rating the company to underperform, and finally one analyst rating the stock as sell.

CVR Refining LP has a one-year low of $5.50 and a one-year high of $22.74 with a PE ratio of 63. CVR Refining LP’s market capitalization is presently $0.0.

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 and approximately 4.5 million barrels of combined refinery related storage capacity.

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