CVR Partners LP (UAN) Sees Large Volume Increase
CVR Partners LP (NYSE:UAN) saw unusually-strong trading volume on Thursday . Approximately 289,498 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 197,447 shares.The stock last traded at $7.95 and had previously closed at $8.09.
Several equities analysts have recently weighed in on UAN shares. Zacks Investment Research upgraded shares of CVR Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Morgan Stanley reiterated a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th. Feltl & Co. initiated coverage on shares of CVR Partners in a research note on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 target price for the company. Finally, Cowen and Company cut shares of CVR Partners to a “hold” rating in a research note on Sunday, April 17th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. CVR Partners has a consensus rating of “Hold” and a consensus price target of $9.14.
The stock has a market capitalization of $900.59 million and a P/E ratio of 11.56. The company’s 50-day moving average is $8.44 and its 200 day moving average is $7.50.
CVR Partners (NYSE:UAN) last posted its earnings results on Thursday, April 28th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company earned $73.10 million during the quarter, compared to analysts’ expectations of $68.62 million. During the same quarter last year, the firm earned $0.41 EPS. CVR Partners’s revenue for the quarter was down 21.5% on a year-over-year basis. Equities analysts forecast that CVR Partners LP will post $0.87 EPS for the current year.
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.