Shares of CVR Partners LP (NYSE:UAN) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. CVR Partners’ rating score has declined by 50% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $5.00 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given CVR Partners an industry rank of 80 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on UAN. Zacks Investment Research upgraded shares of CVR Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, December 28th. Goldman Sachs Group Inc upgraded shares of CVR Partners from a “neutral” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Monday, March 20th.
CVR Partners (NYSE:UAN) traded up 2.308% during mid-day trading on Friday, hitting $4.655. 159,009 shares of the stock traded hands. The company’s 50 day moving average price is $4.73 and its 200-day moving average price is $5.33. The stock’s market cap is $527.33 million. CVR Partners has a 1-year low of $4.05 and a 1-year high of $9.75.
CVR Partners (NYSE:UAN) last released its quarterly earnings data on Thursday, February 16th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.09. The company had revenue of $84.90 million for the quarter, compared to the consensus estimate of $87.32 million. CVR Partners had a net margin of 1.87% and a return on equity of 4.69%. The company’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. Analysts predict that CVR Partners will post ($0.05) earnings per share for the current year.
In related news, major shareholder Special Situations Fund Lp Gso sold 16,105 shares of the business’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $6.53, for a total value of $105,165.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Gso Capital Partners Lp sold 90,000 shares of the business’s stock in a transaction on Tuesday, January 24th. The stock was sold at an average price of $6.73, for a total transaction of $605,700.00. The disclosure for this sale can be found here. Insiders sold 3,415,409 shares of company stock worth $21,507,938 in the last 90 days.
A number of large investors have recently made changes to their positions in UAN. Raging Capital Management LLC acquired a new stake in shares of CVR Partners during the fourth quarter valued at $4,623,000. NWQ Investment Management Company LLC boosted its stake in shares of CVR Partners by 9.1% in the fourth quarter. NWQ Investment Management Company LLC now owns 1,419,491 shares of the basic materials company’s stock valued at $8,531,000 after buying an additional 118,795 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of CVR Partners during the fourth quarter valued at $530,000. Quinn Opportunity Partners LLC boosted its stake in shares of CVR Partners by 177.5% in the fourth quarter. Quinn Opportunity Partners LLC now owns 84,430 shares of the basic materials company’s stock valued at $507,000 after buying an additional 54,000 shares in the last quarter. Finally, Nuveen Fund Advisors LLC boosted its stake in shares of CVR Partners by 73.0% in the third quarter. Nuveen Fund Advisors LLC now owns 26,652 shares of the basic materials company’s stock valued at $141,000 after buying an additional 11,247 shares in the last quarter. Institutional investors own 19.89% of the company’s stock.
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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