CVR Refining was Downgraded to a Hold Rating at Credit Suisse

By Austin Angelo

In a report released today, Edward Westlake from Credit Suisse downgraded CVR Refining (NYSE: CVRR) to Hold. The company’s shares closed yesterday at $9.35.

According to TipRanks.com, Westlake is a 4-star analyst with an average return of 6.6% and a 52.1% success rate. Westlake covers the Basic Materials sector, focusing on stocks such as Oil States International, Continental Resources, and TerraVia Holdings Inc.

CVR Refining has an analyst consensus of Hold.

CVR Refining’s market cap is currently $1.39B and has a P/E ratio of 9.17. The company has a book value ratio of 1.0120.

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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.