CVR Partners LP (UAN) Sees Strong Trading Volume
CVR Partners LP (NYSE:UAN) saw strong trading volume on Monday . 229,813 shares traded hands during trading, an increase of 8% from the previous session’s volume of 212,102 shares.The stock last traded at $7.30 and had previously closed at $7.31.
A number of analysts recently commented on the company. Cowen and Company downgraded CVR Partners to a “hold” rating in a research report on Sunday, April 17th. Feltl & Co. began coverage on CVR Partners in a research report on Wednesday, April 27th. They set a “strong-buy” rating and a $9.60 price target for the company. Zacks Investment Research raised CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Morgan Stanley reissued a “hold” rating on shares of CVR Partners in a research report on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.14.
The stock has a 50 day moving average price of $8.01 and a 200-day moving average price of $7.55. The stock has a market capitalization of $547.00 million and a price-to-earnings ratio of 102.47.
CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.36. The firm earned $119.80 million during the quarter, compared to analysts’ expectations of $116.05 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. On average, analysts predict that CVR Partners LP will post $1.00 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 8th will be given a $0.17 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 9.09%.
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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