CVR Refining LP (NYSE:CVRR) : 5 analysts are covering CVR Refining LP (NYSE:CVRR) and their average rating on the stock is 3, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
CVR Refining LP (NYSE:CVRR) : The highest level CVR Refining LP (NYSE:CVRR) is projected to reach is $20 for the short term and the lowest estimate is at $8. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $12.75 and the possibility the share price can swing is $5.85.
Company shares have received an average consensus rating of Hold for the current week
CVR Refining LP (NYSE:CVRR): On Tuesdays trading session , Opening price of the stock was $7.8 with an intraday high of $8.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.63. However, the stock managed to close at $7.7, a loss of 0.39% for the day. On the previous day, the stock had closed at $7.73. The total traded volume of the day was 671,523 shares.
In an insider trading activity, The director 10% owner, of Cvr Refining, Lp, Icahn Carl C had unloaded 9,036 shares at $16.13 per share in a transaction on December 18, 2014. The total value of transaction was $145,751. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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. It owns 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 and a crude oil refinery in Wynnewood, Oklahoma. In addition, the Company also controls and operates supporting logistics assets, including owned and leased pipelines, owned crude oil transports, a network of crude oil gathering tank farms, owned and leased crude oil storage capacity and combined refinery related storage capacity. It processes a variety of crudes, including West Texas sour (WTS), West Texas intermediate (WTI), sweet and sour Canadian, and locally gathered crudes. The Company offers refined products primarily to retailers, railroads and farm cooperatives and other refiners/marketers in Group 3 of the PADD II region.