CVR Partners LP (UAN) Trading 1.9% Higher
CVR Partners LP (NYSE:UAN) shares traded up 1.9% during trading on Tuesday . The company traded as high as $7.16 and last traded at $7.06, with a volume of 186,206 shares changing hands. The stock had previously closed at $6.93.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of CVR Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, May 25th. Feltl & Co. assumed coverage on shares of CVR Partners in a report on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 price target on the stock. Finally, Morgan Stanley restated a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Four 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 a consensus rating of “Hold” and a consensus target price of $9.14.
The stock has a market cap of $789.58 million and a price-to-earnings ratio of 95.48. The firm’s 50 day moving average price is $7.62 and its 200-day moving average price is $7.66.
CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.36. The business had revenue of $119.80 million for the quarter, compared to the consensus estimate of $116.05 million. During the same quarter in the previous year, the business earned $0.37 EPS. CVR Partners’s revenue for the quarter was up 48.3% on a year-over-year basis. On average, equities analysts predict that CVR Partners LP will post $0.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 9.76%.
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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