Recommendations for CVRR

CVR Refining (CVRR) has risen ~6% in 2018, while CVR Energy (CVI) has fallen ~5%. Of the eight Reuters-surveyed analysts covering CVR Refining, six, or 75%, have rated it as a “hold.” One analyst rated it as a “buy,” and one rated CVR Refining as a “sell.” The mean price target for CVR Refining is $22, which implies an upside potential of ~23% from CVRR’s current price of $17.92.

75% of Analysts Rate CVR Refining as a ‘Hold’

The above graph shows how analysts’ recommendations and the mean price target for CVR Refining have changed over the past 12 months. As the graph shows, CVRR’s mean price target fell from $24.8 in July to $22 currently. It is, however, much higher than the mean price target of $10.6 in October 2017.

Recommendations for CLMT

Of the six analysts covering Calumet Specialty Products Partners (CLMT), four have rated it as a “hold,” one analyst has rated it as a “strong buy,” and one analyst rated it as a “sell.” The median price target for CLMT is $8.5, which implies an upside potential of 59% from its current price of $5.35.

For the latest analyst ratings on top refiners, read Analysts Rate Refiners before Their Q3 Earnings.

For the latest earnings coverage on energy stocks, refer to Market Realist’s Energy and Power page.

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25 Jun

Hang Seng and Nikkei 225 Lose amid Trade Worries

WRITTEN BY Mayur Sontakke, CFA, FRM

After rising marginally yesterday, Hong Kong’s Hang Seng Index fell today. The index lost 1.15% to end at 28,185.98. Only seven stocks in the index rose, while 39 declined. Four remained unchanged. Tencent Holdings (TCEHY) was one of the worst performers with a 1.8% fall.