CVR Partners LP (UAN) Trading Down 2.4%
CVR Partners LP (NYSE:UAN) shares were down 2.4% during trading on Thursday . The stock traded as low as $6.80 and last traded at $6.80, with a volume of 107,981 shares. The stock had previously closed at $6.97.
Several research analysts have recently commented on UAN shares. Zacks Investment Research lowered CVR Partners from a “buy” rating to a “sell” rating in a report on Wednesday, May 25th. Morgan Stanley restated a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Finally, Feltl & Co. began coverage on shares of CVR Partners in a report on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.14.
The stock’s 50 day moving average is $7.54 and its 200 day moving average is $7.66. The company has a market cap of $773.72 million and a PE ratio of 93.56.
CVR Partners (NYSE:UAN) last posted its earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.36. During the same quarter last year, the business earned $0.37 earnings per share. The business earned $119.80 million during the quarter, compared to the consensus estimate of $116.05 million. The business’s revenue was up 48.3% compared to the same quarter last year. Equities research analysts predict 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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 9.96%. 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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