CVR Partners Announces Dividend of $0.38 (UAN)
CVR Partners (NYSE:UAN) declared a dividend on Thursday, May 1st, AnalystRatings.NET reports. Shareholders of record on Monday, May 12th will be given a dividend of 0.38 per share on Monday, May 19th. The ex-dividend date of this dividend is Thursday, May 8th.
A number of research firms have recently commented on UAN. Analysts at JPMorgan Chase & Co. initiated coverage on shares of CVR Partners in a research note on Tuesday. They set a “neutral” rating and a $21.00 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of CVR Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of CVR Partners in a research note on Wednesday, March 5th. They now have a $23.00 price target on the stock, up previously from $22.00. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.29.
Shares of CVR Partners (NYSE:UAN) opened at 20.90 on Friday. CVR Partners has a 1-year low of $15.11 and a 1-year high of $27.50. The stock has a 50-day moving average of $21.1 and a 200-day moving average of $18.67. The company has a market cap of $1.528 billion and a price-to-earnings ratio of 13.17.
CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.06. The company had revenue of $80.30 million for the quarter, compared to the consensus estimate of $75.27 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts predict that CVR Partners will post $1.49 earnings per share 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.
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