CVR Partners LP (UAN) Trading Down 2.4%
CVR Partners LP (NYSE:UAN) was down 2.4% during mid-day trading on Thursday . The stock traded as low as $6.80 and last traded at $6.80, with a volume of 107,981 shares traded. The stock had previously closed at $6.97.
Several equities research analysts recently issued reports on UAN shares. Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. Morgan Stanley restated a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th. Finally, Feltl & Co. initiated coverage on CVR Partners in a research note on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 price objective for the company. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.14.
The company’s 50-day moving average price is $7.62 and its 200 day moving average price is $7.66. The stock has a market cap of $773.72 million and a PE ratio of 93.56.
CVR Partners (NYSE:UAN) last released its earnings results on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.36. The firm earned $119.80 million during the quarter, compared to the consensus estimate of $116.05 million. During the same period in the previous year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. Equities analysts forecast that CVR Partners LP will post $0.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Monday, August 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date of this dividend was Thursday, August 4th.
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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