CVR Partners LP (UAN) Trading Down 0.2%
CVR Partners LP (NYSE:UAN)’s share price fell 0.2% during trading on Friday . The company traded as low as $7.97 and last traded at $8.02, with a volume of 79,826 shares changing hands. The stock had previously closed at $8.04.
A number of brokerages have recently commented on UAN. Zacks Investment Research raised shares of CVR Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley reaffirmed a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Feltl & Co. initiated coverage on shares of CVR Partners in a report on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 target price on the stock. Finally, Cowen and Company lowered shares of CVR Partners to a “hold” rating in a research report on Sunday, April 17th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.14.
The firm’s 50-day moving average price is $8.56 and its 200-day moving average price is $7.49. The stock has a market cap of $910.79 million and a PE ratio of 11.69.
CVR Partners (NYSE:UAN) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company earned $73.10 million during the quarter, compared to analysts’ expectations of $68.62 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue was down 21.5% compared to the same quarter last year. Equities research analysts anticipate that CVR Partners LP will post $0.87 earnings per share for the current year.
CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. The Company operates through the United States segment. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer.
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