CVR Partners LP (NYSE:UAN)’s share price fell 4% during mid-day trading on Tuesday . The stock traded as low as $5.21 and last traded at $5.22, with a volume of 236,705 shares changing hands. The stock had previously closed at $5.44.

Several brokerages recently issued reports on UAN. Zacks Investment Research upgraded CVR Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 10th. Morgan Stanley restated 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 given a strong buy rating to the company’s stock. CVR Partners presently has an average rating of “Hold” and an average price target of $9.14.

The firm’s 50 day moving average is $6.30 and its 200-day moving average is $7.62. The company has a market cap of $581.14 million, a P/E ratio of 70.27 and a beta of 1.22.

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CVR Partners (NYSE:UAN) last issued its earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.36. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $116.05 million. During the same period in the prior year, the business earned $0.37 EPS. The business’s revenue was up 48.3% compared to the same quarter last year. Equities research analysts predict that CVR Partners LP will post ($0.06) earnings per share for the current year.

Large investors have recently modified their holdings of the stock. First Allied Advisory Services Inc. purchased a new stake in shares of CVR Partners during the second quarter valued at about $102,000. Wedbush Securities Inc. bought a new stake in shares of CVR Partners during the second quarter valued at about $110,000. Nuveen Fund Advisors LLC bought a new stake in shares of CVR Partners during the second quarter valued at about $126,000. Raymond James & Associates bought a new stake in shares of CVR Partners during the second quarter valued at about $157,000. Finally, IndexIQ Advisors LLC increased its stake in shares of CVR Partners by 70.8% in the second quarter. IndexIQ Advisors LLC now owns 19,241 shares of the company’s stock valued at $157,000 after buying an additional 7,975 shares during the period.

About CVR Partners

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.

5 Day Chart for NYSE:UAN

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