CVR Partners (NYSE:UAN) Posts Quarterly Earnings Results

CVR Partners (NYSE:UAN) issued its quarterly earnings data on Tuesday. The basic materials company reported $1.73 EPS for the quarter, Zacks reports. CVR Partners had a return on equity of 17.65% and a net margin of 9.97%.

CVR Partners Stock Performance

Shares of NYSE UAN traded up $1.86 during midday trading on Tuesday, hitting $79.26. 40,421 shares of the company’s stock were exchanged, compared to its average volume of 31,920. CVR Partners has a twelve month low of $61.62 and a twelve month high of $88.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The firm has a market cap of $1.36 billion, a P/E ratio of 15.95 and a beta of 1.35. The stock’s 50 day moving average price is $78.34 and its 200-day moving average price is $73.44.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 13th.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn acquired 3,068 shares of CVR Partners stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $71.19 per share, with a total value of $218,410.92. Following the completion of the acquisition, the insider now directly owns 106,029 shares of the company’s stock, valued at $7,548,204.51. This trade represents a 2.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 26,923 shares of company stock worth $1,996,334.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.