CVR Partners (NYSE:UAN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.

According to Zacks, “CVR Partners has underperformed the industry it belongs to over a year. The company remains exposed to headwinds from weak nitrogen fertilizer prices, which may continue to put pressure on its bottom line. Abundant nitrogen supply driven by new production capacity is expected weigh on global prices this year. The company also faces intense price competition.”

UAN has been the topic of several other reports. Cowen reissued a “hold” rating on shares of CVR Partners in a research note on Tuesday, September 26th. ValuEngine raised shares of CVR Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $5.50.

Shares of CVR Partners (UAN) opened at $3.20 on Wednesday. CVR Partners has a 1-year low of $2.58 and a 1-year high of $6.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.22.

CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.18). CVR Partners had a negative net margin of 17.75% and a negative return on equity of 9.91%. The business had revenue of $69.40 million during the quarter, compared to analysts’ expectations of $82.51 million. During the same period in the previous year, the company posted ($0.12) earnings per share. CVR Partners’s revenue for the quarter was down 11.6% compared to the same quarter last year. equities research analysts forecast that CVR Partners will post -0.32 EPS for the current year.

Several hedge funds have recently bought and sold shares of UAN. Blackstone Group L.P. purchased a new stake in shares of CVR Partners during the 2nd quarter worth about $138,890,000. Raging Capital Management LLC raised its position in shares of CVR Partners by 1,000.8% during the 1st quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock worth $39,371,000 after purchasing an additional 7,697,736 shares during the last quarter. Credit Capital Investments LLC raised its position in shares of CVR Partners by 1,433.5% during the 2nd quarter. Credit Capital Investments LLC now owns 4,117,688 shares of the basic materials company’s stock worth $4,118,000 after purchasing an additional 3,849,178 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of CVR Partners by 698.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after purchasing an additional 2,860,954 shares during the last quarter. Finally, FMR LLC acquired a new position in shares of CVR Partners during the 1st quarter worth about $4,921,000. 22.25% of the stock is currently owned by institutional investors and hedge funds.

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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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