CVR Refining (NYSE:CVRR) Earns News Sentiment Score of 0.25

Media stories about CVR Refining (NYSE:CVRR) have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CVR Refining earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 45.2308436303971 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

CVRR has been the subject of a number of analyst reports. Goldman Sachs Group raised CVR Refining from a “neutral” rating to a “buy” rating in a research report on Monday, May 7th. ValuEngine raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised CVR Refining from a “strong sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Tuesday, April 17th. Credit Suisse Group initiated coverage on CVR Refining in a research report on Monday, April 9th. They issued a “neutral” rating and a $14.00 price target for the company. Finally, Tudor Pickering raised CVR Refining from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. CVR Refining currently has a consensus rating of “Buy” and an average target price of $17.70.

Shares of CVR Refining traded down $0.10, hitting $22.80, during trading hours on Thursday, Marketbeat Ratings reports. 651,269 shares of the company’s stock traded hands, compared to its average volume of 719,720. CVR Refining has a 12-month low of $6.70 and a 12-month high of $26.00. The firm has a market cap of $3.54 billion, a PE ratio of 38.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.74 and a quick ratio of 0.88.

CVR Refining (NYSE:CVRR) last announced its earnings results on Thursday, April 26th. The oil and gas company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. CVR Refining had a return on equity of 8.19% and a net margin of 2.96%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.45 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that CVR Refining will post 2.13 EPS for the current fiscal year.

CVR Refining Company Profile

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.

Insider Buying and Selling by Quarter for CVR Refining (NYSE:CVRR)

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Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust.  In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours.  According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days.   Amazon’s audit  In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved.  Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books.   Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.
Foxconn Launches Investigation After Reports Of Harsh Working Conditions At Its Factory Foxconn has announced that it has launched investigations into allegations of harsh working conditions at its factory. The company made the announcement after China Labor Watch, which is based in the New York, published a report that indicated Amazon’s workers were being subjected to many hours of work, inadequate training, low wages as well as over dependence on temporary workers. Undercover investigation Before compiling the report, an investigator from China Labor Watch went underground and acted as a worker in the factory. He then interviewed 20 workers, as well as took time to observe the conditions. During the period of investigation, the undercover investigator secured a position in the factory to clean Echo Dot speakers using a toothbrush soaked in rubbing alcohol to remove dust. In its investigation, China Labor Watch said around 40% of the employees at the factory were on temporary basis. This is far beyond the 10% that is legally allowed under the Chinese law. Additionally, the investigation also found out that dispatch employees were paid at the same rate for both regular and overtime hours. According to the investigation, the company was paying dispatch workers $2.26 per hour. Additionally, workers were working over 100 hours in over time every month during peak season. This is way beyond the 36 hours of overtime allowed under the law. Additionally, some workers worked for 14 consecutive days. Amazon’s audit In its response, Amazon said it carried out an audit of the factory and found that dispatch workers and overtime are matters of great concern. Amazon in a statement, said following the revelation, it requested Foxconn to put in place a corrective plan. Amazon said it is currently monitoring the response from Foxconn as well as the compliance with its Supplier Code of Conduct. Amazon expressed its commitment to ensuring that the matter is fully resolved. Echo Speakers Amazon, which is the largest online retailer in the world, sells a variety of devices. The company uses tablets and kindles to sell more digital books. Foxconn, which is based in Taiwan is the largest manufacturer of contract electronics in the world and has a headcount of over a million people. The company, which makes Apple iPhones made headlines following as series of suicides at its plant. The suicides were linked to poor working conditions at the plant to which the company responded with a promise to improve the working conditions.

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