The units price at a deep discount on earnings-based multiples (forward P/E of 9.0x, near-zero PEG), yet the discount is explained by chronically impaired operating metrics, no competitive moat, and two earnings misses in the three most recently reported quarters; price momentum has also failed its minimum threshold and high short interest of 13% reflects broad market skepticism about whether the apparent cheapness translates into investable value.
Thesis pillars
- Earnings Volatility Unsupported Yield→Stable
- Energy Segment Concentration Risk→Stable
- Cheap Multiples Impaired Quality→Stable
- +1 more pillar — see the Why tab for full reasoning
Icahn Enterprises L.P. - Deposi (IEP) Stock Analysis
Energy · Oil & Gas Refining & Marketing
Sell if holding. Engine safety override at $7.23: Quality below floor (2.1 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 13%; Elevated put/call ratio: 4.33; Below-average business quality.
Icahn Enterprises L.P. is a diversified Delaware master limited partnership with seven operating segments — Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma — where the Energy segment (CVR Energy) generates roughly 83% of consolidated net... Read more
Sell if holding. Engine safety override at $7.23: Quality below floor (2.1 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 13%; Elevated put/call ratio: 4.33; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 32d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
Recent developments
updated 2026-07-06Recent Developments — Icahn Enterprises L.P. - Deposi
Latest news
- NEWS UnitedHealth, Regeneron Pharmaceuticals And Other Big Stocks Moving Lower In Monday's Pre-Market Session — benzinga May 18, 2026 neutral
- NEWS Earnings Scheduled For May 6, 2026 — benzinga May 6, 2026 neutral
- NEWS Icahn Enterprises Q1 2026 Earnings Call Transcript — benzinga May 6, 2026 neutral
- NEWS Icahn Enterprises Promotes Ted Papapostolou To President, CEO, Effective Immediately, Succeeding Andrew Teno; Chief Acco — benzinga May 6, 2026 positive
- NEWS Icahn Enterprises Q1 EPS $(0.71) Misses $0.12 Estimate, Sales $2.311B Miss $2.333B Estimate — benzinga May 6, 2026 negative
Generated 2026-07-06T06:00:34Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductEnergy segment83%10-K Item 1: 'Our Energy segment's net sales...represented approximately 83% consolidated net sales, primarily from the sale of its petroleum products.'
- LOWCustomerrefining top customer12%10-K Item 1: 'The refining business's top customer represented 12% and 13% of its net sales for the years ended December 31, 2025 and 2024, respectively'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers·1 ceiling hit
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $7.23: Quality below floor (2.1 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10 and A.R:R 8.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 13%; Elevated put/call ratio: 4.33; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $7.06. Score 5.7/10, moderate confidence.
Take-profit target: $10.20 (+40.9% upside). Prior stop was $7.06. Stop-loss: $7.06.
Concentration risk — Product: Energy segment (83.0%); Quality below floor (2.1 < 4.0).
Icahn Enterprises L.P. - Deposi trades at a P/E of N/A (forward 8.9). TrendMatrix value score: 8.2/10. Verdict: Sell.
5 analysts cover IEP with a consensus score of 4.2/5. Average price target: $12.
What does Icahn Enterprises L.P. - Deposi do?Icahn Enterprises L.P. is a diversified Delaware master limited partnership with seven operating segments — Investment,...
Icahn Enterprises L.P. is a diversified Delaware master limited partnership with seven operating segments — Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion, and Pharma — where the Energy segment (CVR Energy) generates roughly 83% of consolidated net sales through petroleum refining at refineries in Kansas and Oklahoma. Carl Icahn and affiliates hold approximately 86% of depositary units.