CVR Partners LP (UAN) Sees Strong Trading Volume
CVR Partners LP (NYSE:UAN) shares saw strong trading volume on Friday . 353,350 shares were traded 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.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CVR Partners from a “buy” rating to a “sell” rating in a report on Wednesday, May 25th. Morgan Stanley reissued a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.14.
The company has a market capitalization of $664.97 million and a price-to-earnings ratio of 80.41. The firm’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.69.
CVR Partners (NYSE:UAN) last announced its quarterly 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 company had revenue of $119.80 million for the quarter, compared to analyst estimates of $116.05 million. The business’s revenue was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. On average, equities research analysts expect that CVR Partners LP will post $0.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were paid a $0.17 dividend. The ex-dividend date 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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