Analysts Expect CVR Partners LP (NYSE:UAN) to Post ($0.09) Earnings Per Share
CVR Partners LP (NYSE:UAN) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a twelve-month consensus target price of $8.13 for the company and are predicting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given CVR Partners an industry rank of 247 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on UAN shares. Zacks Investment Research raised shares of CVR Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Morgan Stanley reaffirmed a “hold” rating on shares of CVR Partners in a research note on Thursday, June 16th.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Credit Capital Investments LLC raised its position in shares of CVR Partners by 1,433.5% in the second quarter. Credit Capital Investments LLC now owns 4,117,688 shares of the company’s stock worth $4,118,000 after buying an additional 3,849,178 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in shares of CVR Partners during the second quarter worth about $248,000. Global X Management Co. LLC raised its position in shares of CVR Partners by 80.7% in the second quarter. Global X Management Co. LLC now owns 28,467 shares of the company’s stock worth $233,000 after buying an additional 12,717 shares during the period. JPMorgan Chase & Co. raised its position in shares of CVR Partners by 1,813.3% in the second quarter. JPMorgan Chase & Co. now owns 96,639 shares of the company’s stock worth $789,000 after buying an additional 91,588 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of CVR Partners by 20.4% in the second quarter. California Public Employees Retirement System now owns 247,552 shares of the company’s stock worth $2,022,000 after buying an additional 41,952 shares during the period.
CVR Partners (NYSE:UAN) remained flat at $5.30 during trading on Monday. The company’s stock had a trading volume of 103,071 shares. CVR Partners has a 52 week low of $4.77 and a 52 week high of $10.54. The company has a 50-day moving average of $5.64 and a 200 day moving average of $7.42. The stock has a market capitalization of $600.39 million, a PE ratio of 72.60 and a beta of 1.22.
CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.36. The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $116.05 million. CVR Partners’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. Analysts predict that CVR Partners will post $0.31 EPS for the current fiscal year.
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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