CVR Partners LP (UAN) Stock Price Up 5%
CVR Partners LP (NYSE:UAN) rose 5% on Friday . The stock traded as high as $5.28 and last traded at $5.28, with a volume of 425,084 shares changing hands. The stock had previously closed at $5.03.
UAN has been the topic of several analyst reports. Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Morgan Stanley reiterated a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. 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 $6.36 and a 200-day moving average price of $7.62. The firm has a market cap of $598.13 million, a price-to-earnings ratio of 72.33 and a beta of 1.22.
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CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.36. The company earned $119.80 million during the quarter, compared to analyst estimates of $116.05 million. During the same period in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 48.3% compared to the same quarter last year. Equities research analysts anticipate that CVR Partners LP will post ($0.06) earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in CVR Partners by 61.0% in the second quarter. Royal Bank of Canada now owns 23,723 shares of the company’s stock worth $194,000 after buying an additional 8,988 shares during the last quarter. Blackstone Group L.P. acquired a new position in CVR Partners during the second quarter worth approximately $138,890,000. First Allied Advisory Services Inc. acquired a new position in CVR Partners during the second quarter worth approximately $102,000. Allianz Asset Management AG acquired a new position in CVR Partners during the second quarter worth approximately $5,276,000. Finally, Nuveen Fund Advisors LLC acquired a new position in CVR Partners during the second quarter worth approximately $126,000.
CVR Partners Company Profile
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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