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These unloved stocks yield between 6.9% and 21.4%. These are big dividends, but not the main reason we are discussing this ignored five today.
SUGAR LAND, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its fourth quarter and full-year 2023 earnings results on Tuesday, February 20, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Wednesday, February 21, at 1 p.m. Eastern to discuss these results.
Carl Icahn holds a large stake in Icahn Enterprises L.P., and directly or indirectly in two other companies, CVR Energy and CVR Partners. IEP cut its distribution in half in August 2023 and faced short attacks, leading to an SEC investigation. CVR Energy and CVR Partners, both MLPs, also offer high-yield distributions and have performed better than IEP over the past 3 years.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how CVR Energy (CVI) and Crestwood Equity Partners LP (CEQP) have performed compared to their sector so far this year.
NOV expects revenues to increase 1-3% in the fourth quarter of 2023, with EBITDA flow-through in the low to mid-30% range.
CVR Energy (CVI) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.90 per share a year ago.
Strong crack spreads and lower costs are likely to have buoyed the third-quarter earnings of CVR Energy (CVI), only to be offset by a weak fertilizer market.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering the bullish outlook of the Zacks Oil and Gas - Refining & Marketing industry, we advise loading up on companies like PBF, CVI and DK.