Shares of CVR Partners LP (NYSE:UAN) have earned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $6.00.

A number of brokerages have weighed in on UAN. Zacks Investment Research raised CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Cowen reaffirmed a “hold” rating on shares of CVR Partners in a research report on Tuesday, September 26th.

In other CVR Partners news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $3.00, for a total value of $5,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blackstone Group L.P. lifted its position in shares of CVR Partners by 0.9% during the 3rd quarter. Blackstone Group L.P. now owns 5,924,085 shares of the basic materials company’s stock worth $19,135,000 after purchasing an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. lifted 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. HITE Hedge Asset Management LLC lifted its position in shares of CVR Partners by 10.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock worth $1,677,000 after purchasing an additional 50,912 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of CVR Partners by 2,522.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 204,104 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of CVR Partners by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 2,821 shares during the last quarter. 22.21% of the stock is owned by institutional investors and hedge funds.

Shares of CVR Partners (UAN) traded down $0.06 during midday trading on Tuesday, reaching $3.99. The company’s stock had a trading volume of 661,100 shares, compared to its average volume of 1,131,789. The company has a quick ratio of 1.22, a current ratio of 2.02 and a debt-to-equity ratio of 1.08. CVR Partners has a 1 year low of $2.58 and a 1 year high of $6.95. The stock has a market capitalization of $446.33, a P/E ratio of -7.53 and a beta of 1.46.

CVR Partners (NYSE:UAN) last issued its earnings results on Wednesday, November 1st. The basic materials company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $69.40 million during the quarter, compared to analysts’ expectations of $82.51 million. During the same quarter last year, the firm earned ($0.12) EPS. The business’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 -0.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “CVR Partners LP (UAN) Given Average Recommendation of “Hold” by Brokerages” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/16/cvr-partners-lp-uan-given-average-recommendation-of-hold-by-brokerages.html.

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.

Receive News & Ratings for CVR Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners and related companies with MarketBeat.com's FREE daily email newsletter.