Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

CVR Energy Stock Sees Its Composite Rating Rise To 96

CVR Energy saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 92 the day before. It is currently trading just below the 200-day moving average.

The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.

CVR Energy is not currently near a proper buy zone. While it has cleared several key moving averages, it is still below the 200-day.  The Relative Strength rating shows 86 on a MarketSmith chart, which is positive, but it is not really trending higher.  Look for the stock to form and break out of a new chart pattern, ideally in higher volume.

Looking For Winning Stocks? Try This Simple Routine

 

One weak spot is the company's 78 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

Earnings Report

In Q4, the company posted 0% earnings growth. Sales growth fell to 27%, down from 43% in the prior quarter.

CVR Energy holds the No. 1 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Par Pacific Holdings and Valero Energy are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.