Steel Dynamics (STLD) Down 3.2% Since Last Earnings Report: Can It Rebound?
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. Before they take the plunge, others get to know the hidden potential and enter into these stocks, pushing them out of reach.
So, instead of repenting, spotting the off-the-radar potential winners and immediately investing in them could be a smart decision.
One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is CVR Refining, LP CVRR. This Oil and Gas - Refining and Marketing - Master Limited Partnerships stock has actually seen estimates rise over the past month for the current fiscal year by about 1.9%. But that is not yet reflected in its price, as the stock gained only 0.7% over the same time frame.
CVR Refining, LP Price and Consensus
CVR Refining, LP Price and Consensus | CVR Refining, LP Quote
You should not be concerned about the price remaining muted going forward. This year’s significant earnings growth expectation over the prior year should ultimately translate into price appreciation.
And if this isn’t enough, CVRR currently carries a Zacks Rank #1 (Strong Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).You can see the complete list of today’s Zacks #1 Rank stocks here.
So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider CVR Refining. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for CVRR and that now might be an interesting buying opportunity.
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CVR Refining, LP (CVRR) : Free Stock Analysis Report
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