CVR Partners LP (UAN) Trading Down 8.2%
Shares of CVR Partners LP (NYSE:UAN) dropped 8.2% during trading on Thursday . The company traded as low as $6.85 and last traded at $6.87, with a volume of 317,670 shares changing hands. The stock had previously closed at $7.48.
UAN has been the topic of a number of research reports. Zacks Investment Research lowered CVR Partners from a “buy” rating to a “sell” rating in a report on Wednesday, May 25th. Morgan Stanley reiterated a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Feltl & Co. began coverage on CVR Partners in a report on Wednesday, April 27th. They set a “strong-buy” rating and a $9.60 target price on the stock. Finally, Cowen and Company lowered CVR Partners to a “hold” rating in a report on Sunday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. CVR Partners currently has an average rating of “Hold” and a consensus price target of $9.14.
The stock has a 50 day moving average of $7.96 and a 200-day moving average of $7.56. The company has a market cap of $774.85 million and a price-to-earnings ratio of 93.70.
CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.36. During the same period in the prior year, the firm posted $0.37 EPS. The business earned $119.80 million during the quarter, compared to analysts’ expectations of $116.05 million. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. Equities research analysts expect that CVR Partners LP will post $1.00 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 8th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 9.94%.
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.