CVR Partners LP (NYSE:UAN) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.00.
A number of analysts have recently commented on the company. Cowen raised CVR Partners from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research lowered CVR Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 6th.
In related news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of CVR Partners stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $3.00, for a total value of $5,700,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Institutional investors and hedge funds have recently modified their holdings of the business. MYDA Advisors LLC acquired a new position in CVR Partners in the fourth quarter valued at approximately $193,000. Wells Fargo & Company MN lifted its stake in CVR Partners by 13.5% in the second quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock valued at $339,000 after buying an additional 11,581 shares during the period. Deutsche Bank AG lifted its stake in CVR Partners by 283.4% in the fourth quarter. Deutsche Bank AG now owns 98,795 shares of the basic materials company’s stock valued at $323,000 after buying an additional 73,028 shares during the period. GSA Capital Partners LLP acquired a new position in CVR Partners in the third quarter valued at approximately $417,000. Finally, LPL Financial LLC lifted its stake in CVR Partners by 79.9% in the fourth quarter. LPL Financial LLC now owns 139,464 shares of the basic materials company’s stock valued at $457,000 after buying an additional 61,935 shares during the period. 30.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CVR Partners (NYSE:UAN) traded down $0.02 during mid-day trading on Wednesday, hitting $3.69. The stock had a trading volume of 128,229 shares, compared to its average volume of 579,193. CVR Partners has a 12-month low of $2.58 and a 12-month high of $5.08. The firm has a market capitalization of $420.28, a price-to-earnings ratio of -5.64 and a beta of 1.25. The company has a quick ratio of 1.16, a current ratio of 2.12 and a debt-to-equity ratio of 1.14.
CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.10). CVR Partners had a negative net margin of 22.01% and a negative return on equity of 12.39%. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $75.19 million. During the same period in the previous year, the business posted ($0.13) earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. analysts forecast that CVR Partners will post -0.35 EPS for the current 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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