CVR Partners LP (UAN) Trading Down 2.3%
CVR Partners LP (NYSE:UAN) was down 2.3% during mid-day trading on Thursday . The company traded as low as $6.30 and last traded at $6.39, with a volume of 144,415 shares. The stock had previously closed at $6.54.
A number of equities research analysts recently issued reports on UAN shares. Zacks Investment Research raised CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Morgan Stanley reaffirmed a “hold” rating on shares of CVR Partners in a report on Thursday, June 16th. Finally, Feltl & Co. assumed coverage on CVR Partners in a report on Wednesday, April 27th. They issued a “strong-buy” rating and a $9.60 target price on the stock. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.14.
The firm has a market cap of $725.00 million and a PE ratio of 87.67. The firm’s 50 day moving average price is $7.42 and its 200 day moving average price is $7.70.
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 Zacks’ consensus estimate of $0.21 by $0.36. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $116.05 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. On average, analysts expect 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. Stockholders of record on Monday, August 8th were issued 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 dividend yield of 10.63%.
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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