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CVR Refining (CVRR) Crumbles: Stock Falls by 6.5% - Tale of the Tape

CVR Refining, LP ( CVRR ) saw a big move last session, as the company's shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CVRR as the stock is now up nearly 31% since Jan 21.

On Feb 19, CVR Refining reported net loss of $108.5 million for fourth quarter 2014.

The petroleum refiner company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CVRR currently has a Zacks Rank #5 (Strong Sell).

Investors interested in the Oil Refining & Marketing industry may consider better-ranked stock like Global Partners LP ( GLP ), which carries a Zacks Rank #2 (Buy).

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CVR REFINING LP (CVRR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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