CVR Partners, LP (NYSE:UAN) major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $3.00, for a total transaction of $5,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
CVR Partners, LP (NYSE:UAN) traded up $0.46 during trading hours on Monday, hitting $3.71. 1,309,200 shares of the stock traded hands, compared to its average volume of 340,736. CVR Partners, LP has a one year low of $2.58 and a one 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 data on Wednesday, November 1st. The basic materials company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $82.51 million. During the same quarter last year, the business posted ($0.12) EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. equities research analysts expect that CVR Partners, LP will post -0.55 earnings per share for the current year.
A number of equities analysts recently issued reports on UAN shares. Zacks Investment Research lowered shares of CVR Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. ValuEngine upgraded shares of CVR Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Cowen reiterated a “hold” rating on shares of CVR Partners in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. CVR Partners currently has a consensus rating of “Hold” and a consensus target price of $5.50.
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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