CVR Partners LP (UAN) Sees Strong Trading Volume
Shares of CVR Partners LP (NYSE:UAN) saw unusually-high trading volume on Thursday . Approximately 289,498 shares were traded during trading, an increase of 47% from the previous session’s volume of 197,447 shares.The stock last traded at $7.95 and had previously closed at $8.09.
UAN has been the subject of several analyst reports. Zacks Investment Research lowered CVR Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th. Morgan Stanley reaffirmed a “hold” rating on shares of CVR Partners in a research report on Thursday, June 16th. Feltl & Co. initiated coverage on CVR Partners in a research report on Wednesday, April 27th. They set a “strong-buy” rating and a $9.60 target price for the company. Finally, Cowen and Company lowered 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 assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.14.
The firm has a 50 day moving average price of $8.41 and a 200 day moving average price of $7.50. The firm has a market capitalization of $900.59 million and a PE ratio of 11.56.
CVR Partners (NYSE:UAN) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $68.62 million. The firm’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Analysts predict that CVR Partners LP will post $1.00 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.