CVI / CVR Energy: Favorable Refining Crack Spreads And Low Inventory

Here is how CVR Energy (CVI) and Crestwood Equity Partners LP (CEQP) have performed compared to their sector so far this year. more_horizontal

NOV expects revenues to increase 1-3% in the fourth quarter of 2023, with EBITDA flow-through in the low to mid-30% range. more_horizontal

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 earnin more_horizontal

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 more_horizontal

Considering the bullish outlook of the Zacks Oil and Gas - Refining & Marketing industry, we advise loading up on companies like PBF, CVI and DK. more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

It is the ideal time for investors to allocate money to prospective energy stocks offering attractive dividend yields. Three such stocks are Kinder Mo more_horizontal

CVR (CVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. more_horizontal