Media coverage about CVR Refining (NYSE:CVRR) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CVR Refining earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3373081487558 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
CVRR has been the topic of several research analyst reports. ValuEngine downgraded CVR Refining from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Mizuho initiated coverage on CVR Refining in a research report on Thursday, August 2nd. They issued a “buy” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on CVR Refining from $22.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Tudor Pickering upgraded CVR Refining from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. Finally, Citigroup downgraded CVR Refining from a “buy” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.21.
Shares of CVR Refining stock opened at $20.15 on Friday. CVR Refining has a 52 week low of $8.40 and a 52 week high of $26.00. The stock has a market capitalization of $3.07 billion, a PE ratio of 33.58 and a beta of 1.48. The company has a current ratio of 1.87, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.
CVR Refining (NYSE:CVRR) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.22. CVR Refining had a return on equity of 18.39% and a net margin of 4.94%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned ($0.13) earnings per share. The business’s revenue was up 36.3% on a year-over-year basis. equities research analysts anticipate that CVR Refining will post 2.4 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, August 6th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 13.10%. This is an increase from CVR Refining’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, August 3rd. CVR Refining’s payout ratio is presently 440.00%.
About CVR Refining
CVR Refining, LP operates as an independent petroleum refiner and marketer of transportation fuels in the United States. The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma. It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
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