Shares of CVR Partners LP (NYSE:UAN) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment 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 target price among analysts that have issued ratings on the stock in the last year is $6.00.
A number of research analysts have recently issued reports on the stock. Cowen reiterated a “hold” rating on shares of CVR Partners in a report on Tuesday, September 26th. Zacks Investment Research upgraded shares of CVR Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th.
In related 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 shares were sold at an average price of $3.00, for a total transaction of $5,700,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of institutional investors have recently added to or reduced their stakes in the stock. Blackstone Group L.P. boosted its holdings in CVR Partners by 0.9% during the third quarter. Blackstone Group L.P. now owns 5,924,085 shares of the basic materials company’s stock worth $19,135,000 after purchasing an additional 50,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in CVR Partners by 698.5% during the second quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after purchasing an additional 2,860,954 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in CVR Partners by 10.9% during the third quarter. HITE Hedge Asset Management LLC now owns 519,235 shares of the basic materials company’s stock worth $1,677,000 after purchasing an additional 50,912 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in CVR Partners by 2,522.0% during the third quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 204,104 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in CVR Partners by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 166,822 shares of the basic materials company’s stock worth $582,000 after purchasing an additional 2,821 shares during the last quarter. Institutional investors and hedge funds own 22.21% of the company’s stock.
Shares of CVR Partners (UAN) traded down $0.01 during midday trading on Tuesday, hitting $3.81. 274,550 shares of the stock were exchanged, compared to its average volume of 850,307. The firm has a market capitalization of $431.61, a PE ratio of -7.19 and a beta of 1.46. CVR Partners has a 52-week low of $2.58 and a 52-week high of $6.95. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.02 and a quick ratio of 1.22.
CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.18). The business had revenue of $69.40 million for the quarter, compared to analyst estimates of $82.51 million. CVR Partners had a negative net margin of 17.75% and a negative return on equity of 9.91%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. research analysts forecast that CVR Partners will post -0.55 EPS for the current year.
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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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