Amid ongoing macroeconomic headwinds, the stock market is expected to remain volatile. Aiming to increase the likelihood of successful investing, StockNews.com has developed the POWR Ratings, one of the most complete stock ratings systems available to investors today.
The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree. In this article, I will discuss the prospects of quality energy stock CrossAmerica Partners LP (CAPL), which has an overall rating of A in our POWR Ratings system.
Oil prices surged after OPEC and its allies unexpectedly announced on Sunday that it would start cutting crude production by more than 1 million barrels a day starting in May. Following the announcement, the S&P 500’s Energy index had its most impressive performance in six months yesterday.
CAPL reported solid fourth quarter and fiscal year 2022 results, beating both consensus revenue and EPS estimates. Its wholesale fuel margin benefited from the execution of strategic initiatives and higher variable margins.
The energy company has effectively grown…
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