CVR Refining was Downgraded to a Hold Rating at J.P. MorganBy Carrie Williams
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CVR Refining has an analyst consensus of Moderate Sell, with a price target consensus of $11.
Based on CVR Refining’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.27 billion and GAAP net loss of $10.7 million. In comparison, last year the company earned revenue of $948 million and had a GAAP net loss of $122 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Carl Icahn, a Director at CVRR sold 250,000 shares for a total of $1,422,500.
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CVR Refining LP is an independent downstream energy limited partnership company, which provides refining and related logistics services in the mid-continent region. It operates coking medium-sour crude oil refinery in Coffeyville, Kansas and crude oil refinery in Wynnewood, Oklahoma. The company also offers a crude oil gathering system, which serves Kansas, Oklahoma, western Missouri, southwestern Nebraska and Texas, and a rack marketing business, which supplies refined petroleum product through tanker trucks directly to customers and the pipeline system. CVR Refining was founded in September 2012 and is headquartered in Sugar Land, TX.