CVR Partners (NYSE:UAN – Get Free Report) posted its quarterly earnings results on Tuesday. The basic materials company reported ($1.02) EPS for the quarter, missing the consensus estimate of $1.62 by ($2.64), Zacks reports. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%. The company had revenue of $146.15 million for the quarter, compared to analysts’ expectations of $165.40 million.
CVR Partners Stock Down 2.1%
UAN stock opened at $124.14 on Tuesday. The firm has a market cap of $1.31 billion, a PE ratio of 8.19 and a beta of 0.21. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01. The firm’s 50 day moving average price is $127.94 and its 200-day moving average price is $121.59. CVR Partners has a one year low of $93.43 and a one year high of $139.50.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of CVR Partners in a research report on Tuesday, August 11th. Freedom Broker initiated coverage on shares of CVR Partners in a research report on Tuesday, October 27th. They set a “hold” rating and a $124.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CVR Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.
CVR Partners Company Profile
CVR Partners, LP (NYSE: UAN) is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.
Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.
CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.
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