CVR Partners LP (UAN) Stock Price Up 1.9%
CVR Partners LP (NYSE:UAN) shares rose 1.9% on Tuesday . The company traded as high as $7.16 and last traded at $7.06, with a volume of 186,206 shares changing hands. The stock had previously closed at $6.93.
UAN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Morgan Stanley restated a “hold” rating on shares of CVR Partners in a research report on Thursday, June 16th. Finally, Feltl & Co. initiated coverage on CVR Partners in a research report on Wednesday, April 27th. They set a “strong-buy” rating and a $9.60 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. CVR Partners has a consensus rating of “Hold” and a consensus target price of $9.14.
The company’s 50-day moving average price is $7.66 and its 200 day moving average price is $7.65. The firm has a market capitalization of $778.25 million and a PE ratio of 94.11.
CVR Partners (NYSE:UAN) last posted its earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.36. The company had revenue of $119.80 million for the quarter, compared to the consensus estimate of $116.05 million. CVR Partners’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, analysts expect that CVR Partners LP will post $0.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 9.90%.
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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