Buy-Rated Dividend Stocks In The Top 3: PDLI, RCI, CVI
CVR Energy (NYSE: CVI) shares currently have a dividend yield of 7.80%. CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates through two segments, Petroleum and Nitrogen Fertilizer. The company has a P/E ratio of 8.96. The average volume for CVR Energy has been 502,300 shares per day over the past 30 days. CVR Energy has a market cap of $3.3 billion and is part of the energy industry. Shares are down 11.9% year-to-date as of the close of trading on Thursday. TheStreet Ratings rates CVR Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 3.8%. Since the same quarter one year prior, revenues rose by 29.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CVR ENERGY INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- Net operating cash flow has significantly increased by 660.95% to $118.80 million when compared to the same quarter last year. In addition, CVR ENERGY INC has also vastly surpassed the industry average cash flow growth rate of -52.18%.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 28.37%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 154.34% compared to the year-earlier quarter. Looking ahead, the stock's sharp decline over the past year may have been what was needed in order to bring its value into alignment with its fundamentals and others in its industry.
- You can view the full CVR Energy Ratings Report.
- Our dividend calendar.
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