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0.000687568756875844 0.000275027502750416 0.00247524752475257 0.000275027502750416 -0.00316281628162802 -0.00110011001100108 -0.00192519251925193 -0.00027502750275022
Stock impact report

CVR Energy: EPA Upside Reflected In Valuation (Downgrade) [Seeking Alpha]

CVR Energy Inc. (CVI) 
US:NYSE Investor Relations: investors.cvrenergy.com
Company Research Source: Seeking Alpha
EPA's small refinery exemption significantly reduced CVI's RIN liability, boosting free cash flow and supporting higher fair value estimates. Crack spreads have softened due to increased gasoline inventories and a mild hurricane season, limiting further margin expansion for CVI. With shares near fair value after the rally, I move CVI to a "Hold" rating, as further upside appears limited in the current environment. grandriver/iStock via Getty Images Shares of CVR Energy ( NYSE: CVI ) have been an excellent performer over the past year, gaining 46%. Just a year ago, the company was suspending its dividend as it faced a challenging refining environment, but favorable regulatory activities have greatly improved optimism. I last covered This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, an Show less Read more
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