|Bid||20.17 x 1000|
|Ask||20.21 x 1800|
|Day's Range||19.63 - 21.29|
|52 Week Range||9.81 - 27.02|
|Beta (5Y Monthly)||1.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 15, 2020|
|1y Target Est||N/A|
Indeed, the outlook for U.S. refiners is looking pretty bleak. The second problem for U.S. refineries is that they have lost some of their geographic advantage. For years, oil produced in the U.S. has traded for less money than oil produced elsewhere.
Both renewable fuel processors and oil refiners are trying to profit off the growing market for sustainable aviation fuel and renewable diesel, but high prices for feedstocks like soybean oil has been more of a hazard for refiners, as their most recent earnings showed. These renewable fuel products are a fraction of overall sales of gasoline, diesel and other products, but it is growing. Refiners were forced to put off plans for expansion into renewable fuel production, but competitors who specialize in such fuels were able to shift to processing lower-cost feedstocks.
CVR Energy, Inc. ( NYSE:CVI ) shareholders will have a reason to smile today, with the analysts making substantial...