CVR Partners, LP (UAN) Receives Consensus Recommendation of “Hold” from Analysts
CVR Partners, LP (NYSE:UAN) has been given an average rating of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.50.
Several brokerages recently weighed in on UAN. Zacks Investment Research lowered CVR Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Cowen and Company restated a “hold” rating and set a $5.00 price target on shares of CVR Partners, in a research report on Tuesday, July 11th. BidaskClub lowered CVR Partners, from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. ValuEngine upgraded CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet lowered CVR Partners, from a “c-” rating to a “d+” rating in a research report on Thursday, May 25th.
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CVR Partners, (NYSE UAN) traded up 0.35% during trading on Friday, reaching $2.87. The company had a trading volume of 262,536 shares. The firm’s market capitalization is $325.12 million. The company’s 50-day moving average is $3.50 and its 200 day moving average is $4.44. CVR Partners, has a 52 week low of $2.85 and a 52 week high of $6.95.
CVR Partners, (NYSE:UAN) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.04. The business had revenue of $97.90 million during the quarter, compared to analysts’ expectations of $117.15 million. CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The company’s revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Equities analysts anticipate that CVR Partners, will post ($0.25) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raging Capital Management LLC raised its position in CVR Partners, by 1,000.8% in the first quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock valued at $39,371,000 after buying an additional 7,697,736 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CVR Partners, by 698.5% in the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after buying an additional 2,860,954 shares during the period. FMR LLC bought a new position in CVR Partners, during the first quarter worth about $4,921,000. Walthausen & Co. LLC raised its position in CVR Partners, by 330.9% in the first quarter. Walthausen & Co. LLC now owns 942,827 shares of the basic materials company’s stock worth $4,384,000 after buying an additional 724,017 shares during the period. Finally, VIEX Capital Advisors LLC bought a new position in CVR Partners, during the first quarter worth about $2,259,000. Institutional investors and hedge funds own 22.79% of the company’s stock.
About CVR Partners,
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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