CVR Refining, LP is an independent petroleum refiner and marketer of transportation fuels that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CVRR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that CVR Refining could be a solid choice for investors.
Current Quarter Estimates for CVRR
In the past 30 days, one estimate has gone higher for CVR Refining while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 38 cents a share 30 days ago, to 45 cents today, a move of 18.4%.
Current Year Estimates for CVRR
Meanwhile, CVR Refining’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents per share 30 days ago to 95 cents per share today, a significant increase.
CVR Refining, LP Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 13% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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CVR Refining (CVRR) Run Higher on Strong Earnings Estimate Revisions?
CVR Refining, LP is an independent petroleum refiner and marketer of transportation fuels that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CVRR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that CVR Refining could be a solid choice for investors.
Current Quarter Estimates for CVRR
In the past 30 days, one estimate has gone higher for CVR Refining while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 38 cents a share 30 days ago, to 45 cents today, a move of 18.4%.
Current Year Estimates for CVRR
Meanwhile, CVR Refining’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 41 cents per share 30 days ago to 95 cents per share today, a significant increase.
CVR Refining, LP Price and Consensus
CVR Refining, LP Price and Consensus | CVR Refining, LP Quote
Bottom Line
The stock has also started to move higher lately, adding 13% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>