CVR Partners LP (UAN) Trading 5.6% Higher
Shares of CVR Partners LP (NYSE:UAN) traded up 5.6% during trading on Tuesday . The company traded as high as $6.08 and last traded at $6.01, with a volume of 428,085 shares traded. The stock had previously closed at $5.69.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of 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. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. CVR Partners has an average rating of “Hold” and an average target price of $9.14.
The company has a 50 day moving average price of $7.13 and a 200-day moving average price of $7.72. The company has a market cap of $678.56 million and a P/E ratio of 82.05.
CVR Partners (NYSE:UAN) last released its earnings results on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.36. The company had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $116.05 million. CVR Partners’s revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Analysts anticipate that CVR Partners LP will post $0.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 11.35%. The ex-dividend date of this dividend 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.