We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
Read MoreHide Full Article
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is CVR Energy (CVI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
CVR Energy is a member of our Oils-Energy group, which includes 253 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CVR Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CVI's full-year earnings has moved 65.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CVI has returned 99.5% so far this year. In comparison, Oils-Energy companies have returned an average of 29.1%. As we can see, CVR Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, HF Sinclair (DINO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 61.8%.
For HF Sinclair , the consensus EPS estimate for the current year has increased 68.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, CVR Energy belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 16 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 29.1% this year, meaning that CVI is performing better in terms of year-to-date returns.
HF Sinclair , however, belongs to the Alternative Energy - Other industry. Currently, this 37-stock industry is ranked #52. The industry has moved +12% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to CVR Energy and HF Sinclair as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Oils-Energy Stocks Lagging CVR Energy (CVI) This Year?
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is CVR Energy (CVI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
CVR Energy is a member of our Oils-Energy group, which includes 253 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. CVR Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CVI's full-year earnings has moved 65.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CVI has returned 99.5% so far this year. In comparison, Oils-Energy companies have returned an average of 29.1%. As we can see, CVR Energy is performing better than its sector in the calendar year.
Another stock in the Oils-Energy sector, HF Sinclair (DINO - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 61.8%.
For HF Sinclair , the consensus EPS estimate for the current year has increased 68.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, CVR Energy belongs to the Oil and Gas - Refining and Marketing industry, a group that includes 16 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 29.1% this year, meaning that CVI is performing better in terms of year-to-date returns.
HF Sinclair , however, belongs to the Alternative Energy - Other industry. Currently, this 37-stock industry is ranked #52. The industry has moved +12% so far this year.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to CVR Energy and HF Sinclair as they could maintain their solid performance.