Shares of CVR Partners LP (NYSE:UAN) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 1 year consensus target price of $8.13 for the company and are expecting that the company will post ($0.09) EPS for the current quarter, according to Zacks. Zacks has also assigned CVR Partners an industry rank of 242 out of 265 based on the ratings given to its competitors.
UAN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of CVR Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Morgan Stanley reiterated a “hold” rating on shares of CVR Partners in a research report on Thursday, June 16th.
Shares of CVR Partners (NYSE:UAN) opened at 4.87 on Monday. CVR Partners has a 12 month low of $4.77 and a 12 month high of $10.54. The company’s 50-day moving average is $5.50 and its 200 day moving average is $7.36. The stock has a market capitalization of $551.68 million, a P/E ratio of 66.71 and a beta of 1.22.
CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.21 by $0.36. The business had revenue of $119.80 million for the quarter, compared to the consensus estimate of $116.05 million. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. Equities research analysts predict that CVR Partners will post $0.31 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Credit Capital Investments LLC increased its stake in CVR Partners by 1,433.5% in the second quarter. Credit Capital Investments LLC now owns 4,117,688 shares of the company’s stock valued at $4,118,000 after buying an additional 3,849,178 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in CVR Partners during the second quarter valued at $248,000. Global X Management Co. LLC increased its stake in CVR Partners by 80.7% in the second quarter. Global X Management Co. LLC now owns 28,467 shares of the company’s stock valued at $233,000 after buying an additional 12,717 shares during the last quarter. JPMorgan Chase & Co. increased its stake in CVR Partners by 1,813.3% in the second quarter. JPMorgan Chase & Co. now owns 96,639 shares of the company’s stock valued at $789,000 after buying an additional 91,588 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in CVR Partners by 20.4% in the second quarter. California Public Employees Retirement System now owns 247,552 shares of the company’s stock valued at $2,022,000 after buying an additional 41,952 shares during the last quarter.
CVR Partners Company Profile
CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. The Company operates through the United States segment. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer.