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CVR Refining LP (NYSE:CVRR) target price raised to $6.00, reported today by Piper Jaffray

Reporting a possible downside of -0.30%, Piper Jaffray bumped the price target of CVR Refining LP (NYSE:CVRR) to $6.

Previously on 9/14/2016, Citigroup released a statement for CVR Refining LP(NYSE:CVRR) raised the target price from $7.00 to $9.00 that indicated a possible upside of 0.02%.

Only yesterday CVR Refining LP (NYSE:CVRR) traded 5.71% lower at $8.61. CVR Refining LP’s 50-day moving average is $6.71 and its two hundred day moving average is $9.31. With the last stock price down 7.77% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 1,243,503 shares of CVRR changing hands over the typical 890,400 shares..

Recent Performance Graph:


CVR Refining LP has a one-year low of $5.50 and a one-year high of $22.74 with a PE ratio of 48 and has a market cap of $0.0.

In addition to Piper Jaffray reporting it’s stock price target, a total of 7 brokerages have reported on CVRR. The consensus target price is $11.14 with 0 rating the stock a strong buy, one firm rating the stock a buy, six firms rating the stock a hold, one firm rating the company to underperform, and finally one analystrating the company as sell.

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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