CVR Partners LP (UAN) Sees Large Volume Increase
Shares of CVR Partners LP (NYSE:UAN) saw strong trading volume on Friday . 353,350 shares traded hands during trading, a decline of 4% from the previous session’s volume of 368,995 shares.The stock last traded at $6.03 and had previously closed at $6.40.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Morgan Stanley restated a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.14.
The firm has a market cap of $664.97 million and a price-to-earnings ratio of 80.41. The firm’s 50 day moving average price is $7.38 and its 200-day moving average price is $7.69.
CVR Partners (NYSE:UAN) last issued its 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. The business earned $119.80 million during the quarter, compared to analyst estimates of $116.05 million. During the same period in the prior year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. On average, equities analysts expect that CVR Partners LP will post $0.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were paid a $0.17 dividend. 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 11.58%.
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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