CVR Partners LP (UAN) Trading Down 8.2%
CVR Partners LP (NYSE:UAN) dropped 8.2% on Thursday . The company traded as low as $6.85 and last traded at $6.87, with a volume of 317,670 shares trading hands. The stock had previously closed at $7.48.
UAN has been the topic of a number of recent research reports. Cowen and Company downgraded CVR Partners to a “hold” rating in a research report on Sunday, April 17th. Zacks Investment Research upgraded CVR Partners from a “hold” rating to a “strong-buy” rating and set a $8.25 price target for the company in a research note on Tuesday, April 19th. Feltl & Co. began coverage on CVR Partners in a research note on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 price target for the company. Finally, Morgan Stanley reiterated a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.14.
The firm has a market capitalization of $775.98 million and a P/E ratio of 93.84. The company’s 50 day moving average price is $7.88 and its 200-day moving average price is $7.55.
CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.36. The company earned $119.80 million during the quarter, compared to analysts’ expectations of $116.05 million. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. On average, equities analysts predict that CVR Partners LP will post $0.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 8th will be issued a $0.17 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.68 annualized dividend and a dividend yield of 9.93%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.