CVR Partners Downgraded to “Underperform” at Zacks (UAN)
CVR Partners (NYSE:UAN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday. They currently have a $15.80 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 4.82% from the company’s current price.
CVR Partners (NYSE:UAN) traded down 0.51% during mid-day trading on Wednesday, hitting $16.515. The stock had a trading volume of 144,243 shares. CVR Partners has a one year low of $15.11 and a one year high of $21.93. The stock has a 50-day moving average of $17.95 and a 200-day moving average of $19.30. The company has a market cap of $1.207 billion and a P/E ratio of 14.08.
CVR Partners (NYSE:UAN) last announced its earnings results on Thursday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.64. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $2.74 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Analysts expect that CVR Partners will post $1.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Thursday, August 7th.
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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