CVR Partners, LP (NYSE:UAN) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $6.00.
Several equities research analysts have recently weighed in on UAN shares. Cowen and Company reiterated a “hold” rating on shares of CVR Partners, in a report on Tuesday, September 26th. Zacks Investment Research upgraded CVR Partners, from a “sell” rating to a “hold” rating in a report on Monday, September 4th. BidaskClub upgraded CVR Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded CVR Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
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Shares of CVR Partners, (NYSE:UAN) traded up 0.91% during trading on Friday, reaching $3.31. The company’s stock had a trading volume of 168,740 shares. The company has a 50 day moving average of $3.06 and a 200-day moving average of $3.86. CVR Partners, has a 12-month low of $2.58 and a 12-month high of $6.95. The stock’s market cap is $374.96 million.
CVR Partners, (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The business had revenue of $97.90 million during the quarter, compared to analysts’ expectations of $117.15 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was down 18.3% compared to the same quarter last year. Analysts forecast that CVR Partners, will post ($0.29) EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAN. Raging Capital Management LLC increased its holdings in CVR Partners, by 1,000.8% during the 1st quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock worth $39,371,000 after purchasing an additional 7,697,736 shares during the period. Goldman Sachs Group Inc. increased its holdings in CVR Partners, by 698.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after purchasing an additional 2,860,954 shares during the period. FMR LLC purchased a new position in CVR Partners, during the 1st quarter worth $4,921,000. VIEX Capital Advisors LLC purchased a new position in CVR Partners, during the 1st quarter worth $2,259,000. Finally, HITE Hedge Asset Management LLC purchased a new position in CVR Partners, during the 2nd quarter worth $1,634,000. Institutional investors own 22.33% of the company’s stock.
CVR Partners, Company Profile
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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