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Learn more about whether Icahn Enterprises LP is a good stock to buy or sell based on recent news as well as its key financial metrics. Read on to find out how (IEP) grades on certain investment factors and determine whether it meets your investment needs.
Latest Icahn Enterprises LP Stock News
As of September 13, 2024, Icahn Enterprises LP had a $4.9 billion market capitalization, putting it in the 79th percentile of companies in the Oil & Gas - Refining and Marketing industry.
Icahn Enterprises LP does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Icahn Enterprises LP’s trailing 12-month revenue is $9.8 billion with a -5.1% profit margin. Year-over-year quarterly sales growth most recently was -12.9%. Analysts expect adjusted earnings to reach $0.534 per share for the current fiscal year. Icahn Enterprises LP currently has a 37.0% dividend yield.
The fundamental outlook for the Oil & Gas Refining & Marketing (R&M) sub-industry for the next 12 months is positive. Following the significant economic events of the pandemic, demand has risen quickly over the past year. For a large part of 2022, supply has struggled to keep up with demand. As a result, margins hit record lows. Refining is a margin-focused industry where profits are made from the cost to acquire crude oil minus the cost of refined products. President Biden’s authorization to release barrels of crude oil from the Strategic Petroleum Reserve could have a downward impact on retail gasoline prices. The refining sub-industry is fairly concentrated, with just a handful of large firms owning the lion’s share of U.S. refining capacity, and more so today than during the last demand-fueled surge in crude oil prices (2007-2008). The industry as a whole faces threats from government as they focus on ESG initiatives. As of June 2022, the U.S. EIA projects that for 2022, gasoline prices will average $4.07 per gallon, above the $3.02 per gallon mark in 2021. For 2023, the EIA forecasts gasoline prices at $3.66/gallon. Year to date through June 30, this subindustry rose 26.8% versus a 20.5% drop for the S&P 1500. In 2021, the Refining & Marketing sub-industry rose 26.6%, while the S&P 1500 rose 26.7%.
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Grading Icahn Enterprises LP Stock
Before you choose to buy, sell or hold Icahn Enterprises LP stock, you’ll want to analyze how it has been graded. Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. To help individual investors decide whether or not to buy (IEP) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels.
AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. Here, we’ll take a closer look at Icahn Enterprises LP’s stock grades for value, growth and quality. Learn more about A+ Investor here!
Latest Icahn Enterprises LP Stock News
As of September 13, 2024, Icahn Enterprises LP had a $4.9 billion market capitalization, putting it in the 79th percentile of companies in the Oil & Gas - Refining and Marketing industry.
Icahn Enterprises LP does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Icahn Enterprises LP’s trailing 12-month revenue is $9.8 billion with a -5.1% profit margin. Year-over-year quarterly sales growth most recently was -12.9%. Analysts expect adjusted earnings to reach $0.534 per share for the current fiscal year. Icahn Enterprises LP currently has a 37.0% dividend yield.
The fundamental outlook for the Oil & Gas Refining & Marketing (R&M) sub-industry for the next 12 months is positive. Following the significant economic events of the pandemic, demand has risen quickly over the past year. For a large part of 2022, supply has struggled to keep up with demand. As a result, margins hit record lows. Refining is a margin-focused industry where profits are made from the cost to acquire crude oil minus the cost of refined products. President Biden’s authorization to release barrels of crude oil from the Strategic Petroleum Reserve could have a downward impact on retail gasoline prices. The refining sub-industry is fairly concentrated, with just a handful of large firms owning the lion’s share of U.S. refining capacity, and more so today than during the last demand-fueled surge in crude oil prices (2007-2008). The industry as a whole faces threats from government as they focus on ESG initiatives. As of June 2022, the U.S. EIA projects that for 2022, gasoline prices will average $4.07 per gallon, above the $3.02 per gallon mark in 2021. For 2023, the EIA forecasts gasoline prices at $3.66/gallon. Year to date through June 30, this subindustry rose 26.8% versus a 20.5% drop for the S&P 1500. In 2021, the Refining & Marketing sub-industry rose 26.6%, while the S&P 1500 rose 26.7%.
Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions
Grading Icahn Enterprises LP Stock
Before you choose to buy, sell or hold Icahn Enterprises LP stock, you’ll want to analyze how it has been graded. Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. To help individual investors decide whether or not to buy (IEP) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels.
AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. Here, we’ll take a closer look at Icahn Enterprises LP’s stock grades for value, growth and quality. Learn more about A+ Investor here!
Icahn Enterprises LP Stock Growth Grade
Growth Grade:
Metric | Metric Score | IEP | Sector Median |
Sales Growth 5yr Ann'l | 32 | (2.3%) | 7.7% |
Sales Increases YoY Last 5 yrs | 26 | 2 of 5 | 3 of 5 |
Cash from Operations Ann'l Positive Last 5 yrs | 45 | 3 of 5 | 5 of 5 |
The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.
In order to compute the Growth Score and assign it a letter grade, the percentile ranks for each of the three individual components‐consistency of annual sales growth, five‐year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.
The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong.
Icahn Enterprises LP has a Growth Score of 39, which is Weak.
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Icahn Enterprises LP Stock Momentum Grade
Momentum Grade:
Metric | Score | IEP | Sector Median |
Relative Price Strength (Q1) | 14 | (35.8%) | (11.4%) |
Relative Price Strength (Q2) | 43 | (12.6%) | (7.6%) |
Relative Price Strength (Q3) | 70 | 2.3% | (3.4%) |
Relative Price Strength (Q4) | 20 | (27.3%) | (16.0%) |
Relative Price Strength (weighted 4 qtr) | 15 | (21.8%) | (8.9%) |
Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.
Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.
Icahn Enterprises LP has a Momentum Score of 15, which is Very Weak.
Icahn Enterprises LP Stock Earnings Estimate Revisions Grade
Estimate Revisions Grade:
Metric | Score | IEP | Sector Median |
Quarterly Surprise SUE Latest Qtr | na | na | 1.4 |
Quarterly Surprise SUE Prior Qtr | na | na | 1.1 |
EPS Est Current Year % Rev Last Month | 28 | 0.0% | (0.2%) |
EPS Est Current Year % Rev 3 Mos | 4 | (42.7%) | (0.3%) |
The Earnings Estimate Revisions Score considers the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).
Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. The Earnings Estimate Revisions Score is based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.
Icahn Enterprises LP has an Earnings Estimate Revisions Score of 16, which is Very Negative.
Other Icahn Enterprises LP Stock Grades
In addition to Growth, Momentum and Estimate Revisions, A+ Investor also provides grades for Value and Quality.
Invest with Confidence with A+ Investor
AAII’s expansive and robust screening tools like A+ Investor help investors make confident decisions.
Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.
AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the Quality Grade is the percentile rank of the composite return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F—Score.
These 2 key factors, when combined with the above, provide a holistic view into a stock. Further, by joining A+ Investor you can see whether Icahn Enterprises LP’s stock passes any of our 60+ stock screens that have outperformed the market since their creation.
Should I Buy Icahn Enterprises LP Stock?
Overall, Icahn Enterprises LP stock has a Growth Grade of D, Momentum Grade of F Earnings Estimate Revisions Grade of F.
Whether or not you should buy Icahn Enterprises LP stock will ultimately depend on your individual goals, risk tolerance and allocation. AAII can help you figure these out and identify which investments align with what works best for you.
Lastly, it’s important to evaluate a stock by comparing it against others in the same industry. Review the table below to see how Icahn Enterprises LP stock stands up against its competitors. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions.
Icahn Enterprises LP (IEP) Competitors
Companies similar to Icahn Enterprises LP in the Oil & Gas - Refining and Marketing industry.
Company name | Ticker | Market Cap |
PBF Energy Inc | PBF | $3.81Bil |
Ultrapar Participacoes SA (ADR) | UGP | $4.53Bil |
MOL Magyar Olaj es Gazipari Nyrt - ADR | MGYOY | $6.03Bil |
Sunoco LP | SUN | $8.32Bil |
HF Sinclair Corp | DINO | $8.64Bil |
Icahn Enterprises LP Stock: Bottom Line
You can use the information about how Icahn Enterprises LP is graded to determine if you should invest in this stock. However, you should decide whether Icahn Enterprises LP’s stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports.
Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets—without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.
So, if you’re still on the fence about whether Icahn Enterprises LP is a buy, sell or hold, you can utilize AAII’s expansive and robust screening tools like A+ Investor to help with your decision.
A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.