CVR Partners Plans Quarterly Dividend of $0.36 (UAN)
CVR Partners (NYSE:UAN) declared a quarterly dividend on Friday, November 1st, Analyst Ratings Network.com reports. Shareholders of record on Monday, November 11th will be given a dividend of $0.36 per share on Monday, November 18th. This represents a $1.44 dividend on an annualized basis and a yield of 8.11%.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of CVR Partners from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $18.50 price target on the stock. Analysts at Barclays cut their price target on shares of CVR Partners from $27.00 to $24.00 in a research note to investors on Wednesday, August 7th. They now have an “equal weight” rating on the stock.
CVR Partners (NYSE:UAN) traded up 2.93% during mid-day trading on Friday, hitting $18.27. 50,810 shares of the company’s stock traded hands. CVR Partners has a 52-week low of $17.95 and a 52-week high of $30.00. The stock has a 50-day moving average of $18.33 and a 200-day moving average of $21.6. The company has a market cap of $1.335 billion and a price-to-earnings ratio of 11.02.
CVR Partners (NYSE:UAN) last announced its earnings results on Friday, November 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.01. The company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $64.65 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts expect that CVR Partners will post $1.52 EPS for the current fiscal year.
CVR Partners, LP (NYSE:UAN), is a Delaware limited partnership formed by CVR Energy, Inc (CVR Energy) to own and operate a nitrogen fertilizer business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.