CVR Partners LP (UAN) Trading 5.6% Higher
CVR Partners LP (NYSE:UAN)’s share price traded up 5.6% during trading on Tuesday . The company traded as high as $6.08 and last traded at $6.01, with a volume of 428,085 shares traded. The stock had previously closed at $5.69.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised CVR Partners from a “sell” rating to a “hold” rating in a report on Wednesday, June 29th. 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 given a strong buy rating to the company. CVR Partners currently has a consensus rating of “Hold” and a consensus price target of $9.14.
The stock has a market capitalization of $677.43 million and a price-to-earnings ratio of 81.92. The stock has a 50-day moving average price of $7.25 and a 200 day moving average price of $7.73.
CVR Partners (NYSE:UAN) last released its 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 earned $119.80 million during the quarter, compared to analyst estimates of $116.05 million. During the same period in the prior year, the company earned $0.37 earnings per share. CVR Partners’s revenue was up 48.3% on a year-over-year basis. Equities analysts forecast that CVR Partners LP will post $0.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date 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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