Intrinsic value of CVR Energy - CVI

Previous Close

$37.34

  Intrinsic Value

$28.44

stock screener

  Rating & Target

sell

-24%

Previous close

$37.34

 
Intrinsic value

$28.44

 
Up/down potential

-24%

 
Rating

sell

We calculate the intrinsic value of CVI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  25.20
  23.18
  21.36
  19.73
  18.25
  16.93
  15.74
  14.66
  13.70
  12.83
  12.04
  11.34
  10.71
  10.13
  9.62
  9.16
  8.74
  8.37
  8.03
  7.73
  7.46
  7.21
  6.99
  6.79
  6.61
  6.45
  6.31
  6.17
  6.06
  5.95
Revenue, $m
  7,497
  9,235
  11,208
  13,418
  15,868
  18,554
  21,473
  24,621
  27,993
  31,584
  35,387
  39,400
  43,618
  48,038
  52,660
  57,483
  62,509
  67,740
  73,181
  78,837
  84,715
  90,823
  97,171
  103,769
  110,630
  117,766
  125,191
  132,921
  140,972
  149,362
Variable operating expenses, $m
  6,956
  8,568
  10,397
  12,447
  14,718
  17,209
  19,916
  22,836
  25,963
  29,292
  32,815
  36,536
  40,447
  44,547
  48,832
  53,305
  57,966
  62,817
  67,862
  73,107
  78,558
  84,222
  90,108
  96,227
  102,589
  109,206
  116,091
  123,260
  130,726
  138,506
Fixed operating expenses, $m
  267
  273
  279
  285
  291
  297
  304
  311
  317
  324
  332
  339
  346
  354
  362
  370
  378
  386
  395
  403
  412
  421
  431
  440
  450
  460
  470
  480
  491
  501
Total operating expenses, $m
  7,223
  8,841
  10,676
  12,732
  15,009
  17,506
  20,220
  23,147
  26,280
  29,616
  33,147
  36,875
  40,793
  44,901
  49,194
  53,675
  58,344
  63,203
  68,257
  73,510
  78,970
  84,643
  90,539
  96,667
  103,039
  109,666
  116,561
  123,740
  131,217
  139,007
Operating income, $m
  274
  395
  532
  686
  858
  1,047
  1,253
  1,475
  1,713
  1,967
  2,241
  2,525
  2,824
  3,138
  3,466
  3,808
  4,166
  4,538
  4,925
  5,327
  5,745
  6,180
  6,632
  7,102
  7,591
  8,100
  8,630
  9,181
  9,756
  10,355
EBITDA, $m
  612
  810
  1,035
  1,288
  1,568
  1,877
  2,212
  2,575
  2,963
  3,377
  3,815
  4,278
  4,765
  5,275
  5,809
  6,366
  6,947
  7,552
  8,181
  8,835
  9,515
  10,222
  10,956
  11,720
  12,514
  13,341
  14,201
  15,096
  16,029
  17,002
Interest expense (income), $m
  77
  110
  178
  257
  347
  447
  558
  680
  812
  955
  1,108
  1,271
  1,443
  1,625
  1,817
  2,017
  2,227
  2,445
  2,673
  2,911
  3,157
  3,414
  3,681
  3,958
  4,246
  4,545
  4,856
  5,180
  5,516
  5,867
  6,232
Earnings before tax, $m
  164
  216
  275
  340
  411
  489
  573
  663
  758
  859
  970
  1,082
  1,199
  1,321
  1,449
  1,582
  1,720
  1,864
  2,014
  2,169
  2,331
  2,500
  2,675
  2,857
  3,047
  3,244
  3,450
  3,665
  3,889
  4,123
Tax expense, $m
  44
  58
  74
  92
  111
  132
  155
  179
  205
  232
  262
  292
  324
  357
  391
  427
  464
  503
  544
  586
  629
  675
  722
  771
  823
  876
  932
  990
  1,050
  1,113
Net income, $m
  120
  158
  201
  248
  300
  357
  418
  484
  553
  627
  708
  790
  875
  964
  1,058
  1,155
  1,256
  1,361
  1,470
  1,584
  1,702
  1,825
  1,953
  2,086
  2,224
  2,368
  2,519
  2,675
  2,839
  3,010

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,766
  5,871
  7,125
  8,530
  10,087
  11,795
  13,651
  15,652
  17,796
  20,079
  22,497
  25,048
  27,729
  30,539
  33,477
  36,544
  39,739
  43,064
  46,523
  50,119
  53,856
  57,739
  61,774
  65,969
  70,330
  74,867
  79,587
  84,502
  89,620
  94,954
Adjusted assets (=assets-cash), $m
  4,766
  5,871
  7,125
  8,530
  10,087
  11,795
  13,651
  15,652
  17,796
  20,079
  22,497
  25,048
  27,729
  30,539
  33,477
  36,544
  39,739
  43,064
  46,523
  50,119
  53,856
  57,739
  61,774
  65,969
  70,330
  74,867
  79,587
  84,502
  89,620
  94,954
Revenue / Adjusted assets
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
  1.573
Average production assets, $m
  3,336
  4,109
  4,987
  5,971
  7,061
  8,256
  9,555
  10,956
  12,457
  14,055
  15,747
  17,533
  19,410
  21,377
  23,434
  25,580
  27,817
  30,144
  32,566
  35,082
  37,698
  40,416
  43,241
  46,177
  49,230
  52,406
  55,710
  59,150
  62,733
  66,466
Working capital, $m
  67
  83
  101
  121
  143
  167
  193
  222
  252
  284
  318
  355
  393
  432
  474
  517
  563
  610
  659
  710
  762
  817
  875
  934
  996
  1,060
  1,127
  1,196
  1,269
  1,344
Total debt, $m
  1,896
  2,735
  3,687
  4,753
  5,935
  7,231
  8,640
  10,159
  11,786
  13,518
  15,354
  17,290
  19,325
  21,458
  23,688
  26,015
  28,440
  30,965
  33,590
  36,319
  39,155
  42,103
  45,166
  48,349
  51,660
  55,103
  58,686
  62,415
  66,300
  70,349
Total liabilities, $m
  3,617
  4,456
  5,408
  6,475
  7,656
  8,952
  10,361
  11,880
  13,507
  15,240
  17,075
  19,011
  21,046
  23,179
  25,409
  27,737
  30,162
  32,686
  35,311
  38,040
  40,876
  43,824
  46,887
  50,070
  53,381
  56,824
  60,407
  64,137
  68,022
  72,070
Total equity, $m
  1,149
  1,415
  1,717
  2,056
  2,431
  2,843
  3,290
  3,772
  4,289
  4,839
  5,422
  6,036
  6,683
  7,360
  8,068
  8,807
  9,577
  10,379
  11,212
  12,079
  12,979
  13,915
  14,888
  15,899
  16,950
  18,043
  19,181
  20,365
  21,598
  22,884
Total liabilities and equity, $m
  4,766
  5,871
  7,125
  8,531
  10,087
  11,795
  13,651
  15,652
  17,796
  20,079
  22,497
  25,047
  27,729
  30,539
  33,477
  36,544
  39,739
  43,065
  46,523
  50,119
  53,855
  57,739
  61,775
  65,969
  70,331
  74,867
  79,588
  84,502
  89,620
  94,954
Debt-to-equity ratio
  1.650
  1.930
  2.150
  2.310
  2.440
  2.540
  2.630
  2.690
  2.750
  2.790
  2.830
  2.860
  2.890
  2.920
  2.940
  2.950
  2.970
  2.980
  3.000
  3.010
  3.020
  3.030
  3.030
  3.040
  3.050
  3.050
  3.060
  3.060
  3.070
  3.070
Adjusted equity ratio
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241
  0.241

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  120
  158
  201
  248
  300
  357
  418
  484
  553
  627
  708
  790
  875
  964
  1,058
  1,155
  1,256
  1,361
  1,470
  1,584
  1,702
  1,825
  1,953
  2,086
  2,224
  2,368
  2,519
  2,675
  2,839
  3,010
Depreciation, amort., depletion, $m
  338
  415
  503
  601
  710
  830
  960
  1,100
  1,250
  1,410
  1,575
  1,753
  1,941
  2,138
  2,343
  2,558
  2,782
  3,014
  3,257
  3,508
  3,770
  4,042
  4,324
  4,618
  4,923
  5,241
  5,571
  5,915
  6,273
  6,647
Funds from operations, $m
  458
  573
  703
  849
  1,011
  1,187
  1,378
  1,584
  1,803
  2,037
  2,283
  2,543
  2,816
  3,102
  3,401
  3,713
  4,037
  4,375
  4,727
  5,092
  5,472
  5,866
  6,277
  6,703
  7,147
  7,609
  8,090
  8,590
  9,112
  9,656
Change in working capital, $m
  14
  16
  18
  20
  22
  24
  26
  28
  30
  32
  34
  36
  38
  40
  42
  43
  45
  47
  49
  51
  53
  55
  57
  59
  62
  64
  67
  70
  72
  76
Cash from operations, $m
  444
  557
  686
  829
  988
  1,163
  1,352
  1,555
  1,773
  2,004
  2,248
  2,507
  2,778
  3,062
  3,359
  3,669
  3,992
  4,328
  4,678
  5,041
  5,419
  5,811
  6,219
  6,644
  7,085
  7,545
  8,023
  8,521
  9,040
  9,581
Maintenance CAPEX, $m
  -266
  -334
  -411
  -499
  -597
  -706
  -826
  -956
  -1,096
  -1,246
  -1,405
  -1,575
  -1,753
  -1,941
  -2,138
  -2,343
  -2,558
  -2,782
  -3,014
  -3,257
  -3,508
  -3,770
  -4,042
  -4,324
  -4,618
  -4,923
  -5,241
  -5,571
  -5,915
  -6,273
New CAPEX, $m
  -673
  -773
  -878
  -984
  -1,090
  -1,195
  -1,299
  -1,401
  -1,501
  -1,598
  -1,693
  -1,786
  -1,877
  -1,967
  -2,057
  -2,146
  -2,236
  -2,328
  -2,421
  -2,517
  -2,616
  -2,718
  -2,825
  -2,936
  -3,053
  -3,175
  -3,304
  -3,440
  -3,583
  -3,733
Cash from investing activities, $m
  -939
  -1,107
  -1,289
  -1,483
  -1,687
  -1,901
  -2,125
  -2,357
  -2,597
  -2,844
  -3,098
  -3,361
  -3,630
  -3,908
  -4,195
  -4,489
  -4,794
  -5,110
  -5,435
  -5,774
  -6,124
  -6,488
  -6,867
  -7,260
  -7,671
  -8,098
  -8,545
  -9,011
  -9,498
  -10,006
Free cash flow, $m
  -495
  -550
  -603
  -653
  -699
  -739
  -773
  -801
  -823
  -839
  -850
  -854
  -852
  -846
  -835
  -820
  -802
  -781
  -758
  -732
  -705
  -677
  -647
  -616
  -585
  -554
  -522
  -490
  -458
  -426
Issuance/(repayment) of debt, $m
  730
  839
  952
  1,067
  1,182
  1,296
  1,409
  1,519
  1,627
  1,732
  1,835
  1,936
  2,035
  2,133
  2,230
  2,327
  2,425
  2,524
  2,625
  2,729
  2,836
  2,947
  3,063
  3,184
  3,310
  3,443
  3,583
  3,730
  3,885
  4,048
Issuance/(repurchase) of shares, $m
  110
  108
  102
  91
  75
  54
  29
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  840
  947
  1,054
  1,158
  1,257
  1,350
  1,438
  1,519
  1,627
  1,732
  1,835
  1,936
  2,035
  2,133
  2,230
  2,327
  2,425
  2,524
  2,625
  2,729
  2,836
  2,947
  3,063
  3,184
  3,310
  3,443
  3,583
  3,730
  3,885
  4,048
Total cash flow (excl. dividends), $m
  344
  397
  450
  504
  558
  612
  665
  718
  804
  893
  986
  1,083
  1,183
  1,287
  1,395
  1,507
  1,623
  1,743
  1,867
  1,997
  2,131
  2,271
  2,416
  2,567
  2,725
  2,889
  3,061
  3,240
  3,427
  3,622
Retained Cash Flow (-), $m
  -230
  -266
  -302
  -339
  -375
  -412
  -447
  -482
  -517
  -550
  -583
  -615
  -646
  -677
  -708
  -739
  -770
  -801
  -834
  -867
  -901
  -936
  -973
  -1,011
  -1,051
  -1,093
  -1,138
  -1,184
  -1,234
  -1,285
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  18
  22
  28
  34
  40
  48
  56
  64
  74
  84
  95
  106
  118
  131
  144
  158
  172
  188
  203
  220
  237
  254
  272
  292
  311
  332
  353
  376
  399
  423
Cash available for distribution, $m
  115
  131
  148
  166
  183
  200
  217
  235
  287
  343
  403
  468
  537
  610
  687
  768
  853
  941
  1,034
  1,130
  1,230
  1,335
  1,443
  1,556
  1,674
  1,796
  1,923
  2,055
  2,193
  2,337
Discount rate, %
  5.80
  6.09
  6.39
  6.71
  7.05
  7.40
  7.77
  8.16
  8.57
  9.00
  9.45
  9.92
  10.42
  10.94
  11.48
  12.06
  12.66
  13.29
  13.96
  14.66
  15.39
  16.16
  16.97
  17.81
  18.71
  19.64
  20.62
  21.65
  22.74
  23.87
PV of cash for distribution, $m
  108
  116
  123
  128
  130
  130
  129
  126
  137
  145
  149
  150
  148
  143
  135
  124
  112
  100
  86
  73
  61
  49
  39
  30
  23
  17
  12
  8
  6
  4
Current shareholders' claim on cash, %
  96.7
  94.2
  92.3
  91.0
  90.1
  89.5
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2
  89.2

CVR Energy, Inc. (CVR Energy) is a holding company. The Company is engaged in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company's Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma.

FINANCIAL RATIOS  of  CVR Energy (CVI)

Valuation Ratios
P/E Ratio 129.7
Price to Sales 0.7
Price to Book 3.8
Price to Tangible Book
Price to Cash Flow 12.1
Price to Free Cash Flow 24
Growth Rates
Sales Growth Rate -12%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -39.3%
Cap. Spend. - 3 Yr. Gr. Rate -12.3%
Financial Strength
Quick Ratio 368
Current Ratio 0
LT Debt to Equity 135.5%
Total Debt to Equity 135.8%
Interest Coverage 1
Management Effectiveness
Return On Assets -1%
Ret/ On Assets - 3 Yr. Avg. 3.6%
Return On Total Capital 1.4%
Ret/ On T. Cap. - 3 Yr. Avg. 7.2%
Return On Equity 2.7%
Return On Equity - 3 Yr. Avg. 12%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 8.2%
Gross Margin - 3 Yr. Avg. 8.7%
EBITDA Margin 5.4%
EBITDA Margin - 3 Yr. Avg. 7.6%
Operating Margin 1.8%
Oper. Margin - 3 Yr. Avg. 4.2%
Pre-Tax Margin -0.2%
Pre-Tax Margin - 3 Yr. Avg. 3.8%
Net Profit Margin 0.5%
Net Profit Margin - 3 Yr. Avg. 1.9%
Effective Tax Rate 181.8%
Eff/ Tax Rate - 3 Yr. Avg. 76%
Payout Ratio 696%

CVI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CVI stock intrinsic value calculation we used $5988 million for the last fiscal year's total revenue generated by CVR Energy. The default revenue input number comes from 2017 income statement of CVR Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CVI stock valuation model: a) initial revenue growth rate of 25.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.8%, whose default value for CVI is calculated based on our internal credit rating of CVR Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CVR Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CVI stock the variable cost ratio is equal to 92.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $261 million in the base year in the intrinsic value calculation for CVI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 9.4% for CVR Energy.

Corporate tax rate of 27% is the nominal tax rate for CVR Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CVI stock is equal to 0.3%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CVI are equal to 44.5%.

Life of production assets of 10 years is the average useful life of capital assets used in CVR Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CVI is equal to 0.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $919 million for CVR Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 87 million for CVR Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CVR Energy at the current share price and the inputted number of shares is $3.2 billion.

RELATED COMPANIES Price Int.Val. Rating
HFC HollyFrontier 71.02 733.77  str.buy
VLO Valero Energy 106.21 85.52  hold
PSX Phillips 66 110.36 258.77  str.buy
PBF PBF Energy 42.86 104.15  str.buy
CVRR CVR Refining 23.25 95.62  str.buy
MPC Marathon Petro 72.52 347.97  str.buy
DK Delek US Holdi 48.56 3.84  str.sell

COMPANY NEWS

▶ CVR Energy to Release 2018 Second Quarter Earnings   [Jul-12-18 08:30AM  GlobeNewswire]
▶ CVR Energy Announces Commencement of Exchange Offer   [Jun-18-18 08:00AM  PR Newswire]
▶ Best-In-Class Energy Dividend Stocks   [09:02AM  Simply Wall St.]
▶ CVR Energy boosts dividend by 50%   [08:51AM  MarketWatch]
▶ Senators seek explanation for Icahn's valuable EPA exemption   [May-09-18 02:28PM  American City Business Journals]
▶ Sugar Land refiner CVR Energy hires 2 former Tesoro/Andeavor execs   [May-02-18 06:52PM  American City Business Journals]
▶ Icahn's oil refinery scores a waiver from EPA, saves millions   [02:49PM  American City Business Journals]
▶ CVR: 1Q Earnings Snapshot   [08:56AM  Associated Press]
▶ CVR Energy Announces 2018 First Quarter Earnings Call   [Apr-12-18 08:30AM  GlobeNewswire]
▶ Energy Dividend Stocks Investors Love   [Mar-20-18 09:02AM  Simply Wall St.]
▶ Should You Buy CVR Energy Inc (NYSE:CVI) For Its Dividend?   [Feb-22-18 10:43AM  Simply Wall St.]
▶ CVR Energy, Inc. to Host Earnings Call   [10:35AM  ACCESSWIRE]
▶ CVR posts 4Q profit   [10:09AM  Associated Press]
▶ CVR Energy Announces 2017 Fourth Quarter Earnings Call   [Feb-08-18 08:30AM  PR Newswire]
▶ Why CVR Energy Is a Buy   [Jan-17-18 02:36PM  TheStreet.com]
▶ Which Energy Stocks Escaped Oils Fall Last Week?   [Nov-20-17 02:50PM  Market Realist]
▶ Is U.S. Biofuel In Jeopardy?   [01:00PM  Oilprice.com]
▶ CVR Energy, Inc. to Host Earnings Call   [09:15AM  ACCESSWIRE]
▶ CVR posts 3Q profit   [08:39AM  Associated Press]
▶ CVR Energy Announces 2017 Third Quarter Earnings Call   [Oct-18-17 08:30AM  PR Newswire]
▶ These 3 Oil Stocks Soared 30% in 1 Month   [Sep-19-17 08:17AM  Motley Fool]
▶ Stocks Flashing Renewed Technical Strength: CVR Energy   [Sep-14-17 03:00AM  Investor's Business Daily]
▶ CVR Energy Hits 80-Plus Relative Strength Rating Benchmark   [03:00AM  Investor's Business Daily]
▶ Stocks With Rising Relative Strength: CVR Energy   [03:00AM  Investor's Business Daily]
▶ Energy Stocks: Last Weeks Top Gainers   [03:03PM  Market Realist]
▶ ETFs with exposure to CVR Energy, Inc. : August 15, 2017   [Aug-15-17 03:54PM  Capital Cube]
▶ The Worst Energy Stocks from July 2428, 2017   [08:18AM  Market Realist]
▶ Icahn's biofuel bet faces significant headwinds   [Jul-31-17 04:44PM  Reuters]
▶ CVR reports 2Q loss   [01:32AM  Associated Press]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.