CVR Partners LP (UAN) Given Average Recommendation of “Hold” by Brokerages
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.
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.
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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