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Tuesday, April 24, 2012

Potentially Oversold Level Reached (NYSE: CVI)

Shares of CVI traded higher by 0.10% or $0.03/share to $30.08. NYSE is trading at a price to book ratio of 2.27. The PEG is 0.09 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.52. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2128790 shares of CVI exchange hands on a given day and today's volume is recorded at 940350. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

CVR Energy, Inc. (CVR Energy), through its wholly owned subsidiaries, acts as an independent petroleum refiner and marketer of transportation fuels in the mid-continental United States.