uploads/2016/09/SI-2.png

Which Integrated Energy and Refiner Stocks Lead in Short Interest?

By

Updated

CVR Energy

As of September 2, 2016, CVR Energy (CVI) has the highest short interest-to-equity float ratio among integrated energy and refiner stocks.

Its ratio is 32.0%. One month ago, it was 30.3%. Three months ago, it was 21.5%. Its net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) is -0.1x because it has cash in excess of debt. Its cash and cash equivalents were $690.6 million in 2Q16. In the last three months, the stock has fallen 34%—the most among integrated energy and refiner stocks.

Article continues below advertisement

Other integrated energy companies and refiner stocks

Western Refining’s (WNR) short interest-to-equity float ratio is 10.5%. One month ago, it was 12.7%. Three months ago, it was 19.8%. Its net-debt-to-EBITDA ratio is 0.7x. Its cash and cash equivalents were $2 billion in 2Q16. In the last three months, the stock has returned 8.8%.

Alon USA Energy’s (ALJ) short-interest-to-equity float ratio is 17.0%. One month ago, it was 19.7%. Three months ago, it was 23.4%. Alon USA Energy’s short-interest-to-equity float ratio has been in a downtrend for the last three months. During this period, the stock has risen 1.5%. The company’s net-debt-to-EBITDA ratio is 0.8x. Its cash and cash equivalents were $205.8 million as of 2Q16.

Delek US Holdings’ (DK) short-interest-to-equity float ratio is 10.1%. One month ago, it was 10.9%. Three months ago, it was 8.3%. Its net-debt-to-EBITDA ratio is 2.8x. Its cash and cash equivalents were $377.1 million in 2Q16. In the last three months, the stock has risen 19.1%.

Currently, PBF Energy’s (PBF) short-interest-to-equity float ratio is 10%. One month ago, it was 8.7%. Three months ago, it was 4.5%. In the last three months, the stock has fallen 23.1%. Its net-debt-to-EBITDA ratio was 0.5x in 1Q16. Its cash and cash equivalents were $1.4 billion.

Tesoro (TSO) and Calumet Specialty Products Partners (CLMT) have short-interest-to-equity float ratios of 4.7% and 3.0%, respectively.

Advertisement

More From Market Realist