CVR Partners, LP (UAN) Issues Earnings Results
CVR Partners, LP (NYSE:UAN) released its quarterly earnings data on Wednesday. The basic materials company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.18), Briefing.com reports. CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The firm had revenue of $69.40 million during the quarter, compared to the consensus estimate of $82.51 million. During the same period in the previous year, the firm earned ($0.12) EPS. The business’s revenue was down 11.6% compared to the same quarter last year.
A number of analysts have issued reports on UAN shares. Cowen and Company reaffirmed a “hold” rating and issued a $5.00 price objective on shares of CVR Partners, in a research note on Tuesday, July 11th. Zacks Investment Research raised CVR Partners, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. CVR Partners, currently has an average rating of “Hold” and an average target price of $5.50.
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CVR Partners, Company Profile
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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