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What are we looking for?

Mid-cap North American securities that are expected to continue receiving positive reviews from equity analysts.

The screen

For today’s screen, we looked at mid-cap North American traded companies with market capitalizations between US$1-billion and US$10-billion. We then filtered for companies that have a StarMine Analyst Revisions Model (ARM) ranking above 99 (out of 100); in this screen, we only want to search for the best of the best companies within the model.

The StarMine ARM is a percentile ranking of stocks based on changes in analyst sentiment. The model is highly predictive of relative price movement and is effective across stocks in each capitalization category, investment style and market sector. ARM observes the key drivers on a stock by looking at individual revision components and overweights estimates of analysts who have proved to be more accurate than average in the past.

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StarMine determines the three most relevant estimate measures to include in the ARM. The first measure is always a measure of earnings (generally earnings per share for most stocks). The second measure is usually EBITDA, or earnings before interest, taxes, depreciation and amortization, and the third measure is revenue.

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What we found

Our screen identified 12 North American-listed securities that met our criteria. The companies in our screen have the strongest change in Street analyst sentiment. Notable companies that stand out:

  • Whiting Petroleum Corp. is an independent oil and gas company engaged in the development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. The company has returned 156.8 per cent over the past 52 weeks and has continually had analyst revisions upward.
  • CVR Refining LP is an independent downstream energy limited partnership with refining and related logistics assets that operates in the Midwest and South Central United States. The company has returned 176.9 per cent over the past 52 weeks and is the highest-paying dividend stock of the bunch with a yield of 9.2 per cent.
  • The only Canadian stock on our list is B.C.-based Great Canadian Gaming Corp., which operates gambling, entertainment and hospitality facilities in several provinces as well as Washington State. The stock has returned 103.9 per cent over the past 52 weeks.

Top-ranked stocks according to the Starmine Analyst Revisions Model

CompanySymbolMkt. Cap. (US$ Mil.)StarMine ARM RankDiv. YieldYTD Total Rtn.52W Total Rtn."Recent Close (US$)
Parsley Energy Inc.PE-N9,201.1100n/a-1.4%6.9%29.04
Molina Healthcare Inc.MOH-N6,259.8100n/a32.3%42.3%101.48
Whiting Petroleum Corp.WLL-N5,042.8100n/a109.4%156.8%55.46
Black Stone Minerals LPBSM-N3,726.61006.8%6.7%25.6%18.49
Vishay Intertechnology Inc.VSH-N3,511.61001.4%18.2%49.1%24.35
Timken Co.TKR-N3,460.81002.5%-8.2%2.6%44.60
CVR Refining LPCVRR-N3,284.11009.2%43.4%176.9%22.25
Meredith Corp.MDP-N2,331.31004.2%-19.1%-4.6%52.40
Enanta Pharmaceuticals Inc.ENTA-Q2,304.4100n/a103.8%218.6%119.60
G-III Apparel Group Ltd.GIII-Q2,266.2100n/a24.9%88.4%46.09
Great Canadian Gaming Corp.GC-T2,215.9100n/a43.1%103.9%47.17*
Penn Virginia Corp.PVAC-Q1,253.0100n/a112.8%152.2%83.21

* GC close shown in C$. Source: Thomson Reuters Eikon

Investors are encouraged to do their own research before investing in any stocks listed.

Paul Hoyda, CFA, is an account manager in the financial and risk division of Thomson Reuters and covers Canadian corporate clients.

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