Shares of CVR Partners, LP (NYSE:UAN) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two 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. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.00.
A number of brokerages recently issued reports on UAN. Zacks Investment Research cut shares of CVR Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Cowen Inc restated a “hold” rating on shares of CVR Partners in a report on Tuesday, September 26th. BidaskClub cut shares of CVR Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of CVR Partners from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in CVR Partners in the third quarter valued at approximately $417,000. Blackstone Group L.P. lifted its stake in CVR Partners by 0.9% in the third quarter. Blackstone Group L.P. now owns 5,924,085 shares of the basic materials company’s stock valued at $19,135,000 after buying an additional 50,000 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in CVR Partners by 10.9% in the third quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock valued at $1,677,000 after buying an additional 50,912 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in CVR Partners by 2,522.0% in the third quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock valued at $703,000 after buying an additional 204,104 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in CVR Partners by 698.5% in the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock valued at $11,414,000 after buying an additional 2,860,954 shares in the last quarter. Hedge funds and other institutional investors own 22.29% of the company’s stock.
Shares of CVR Partners (NYSE:UAN) traded up $0.01 during trading hours on Monday, hitting $3.06. 84,600 shares of the stock traded hands, compared to its average volume of 329,548. CVR Partners has a 12 month low of $2.58 and a 12 month high of $6.95. 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 (NYSE:UAN) last issued 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 return on equity of 9.91% and a negative net margin of 17.75%. The business had revenue of $69.40 million for the quarter, compared to analyst estimates of $82.51 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. equities research analysts forecast that CVR Partners will post -0.32 earnings per share for the current fiscal year.
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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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