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ValuEngine upgraded CVR Refining LP (NYSE:CVRR) to Strong-Buy in a report released today.

Just yesterday CVR Refining LP (NYSE:CVRR) traded -1.46% lower at $9.20. CVR Refining LP’s 50-day moving average is $8.67 and its 200-day moving average is $9.74. The last stock price is down -30.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 445,588 shares of CVRR traded hands, up from an average trading volume of 441,980

ValuEngine has upgraded CVR Refining LP (NYSE:CVRR) to Strong-Buy in a report released on 7/07/2017.

Recent Performance Chart

CVR Refining LP (NYSE:CVRR)

CVR Refining LP has 52 week low of $6.21 and a 52 week high of $12.55 with a PE ratio of 18.80 and has a market capitalization of $0.

In addition to ValuEngine reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $11.14 with 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On CVR Refining LP (NYSE:CVRR)

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. In addition, it also controlled and operated supporting logistics assets, including approximately 340 miles of active owned and leased pipelines, approximately 150 crude oil transports, a network of crude oil gathering tank farms, approximately 6.4 million barrels of owned and leased crude oil storage and over 4.5 million barrels of combined refined products and feedstocks storage capacity, as of December 31, 2016.

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