CVR Partners, LP (NYSE:UAN) Stock Rating Reaffirmed by Cowen and Company
Cowen and Company reissued their hold rating on shares of CVR Partners, LP (NYSE:UAN) in a report released on Tuesday, July 11th. The firm currently has a $5.00 price objective on the basic materials company’s stock.
A number of other equities research analysts also recently commented on UAN. TheStreet downgraded shares of CVR Partners, from a c- rating to a d+ rating in a research report on Thursday, May 25th. ValuEngine raised shares of CVR Partners, from a strong sell rating to a sell rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of CVR Partners, from a hold rating to a sell rating in a research report on Tuesday, May 16th. Finally, Goldman Sachs Group Inc raised shares of CVR Partners, from a neutral rating to a buy rating and set a $6.00 price objective for the company in a research report on Monday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $5.50.
CVR Partners, (NYSE UAN) traded down 1.76% during trading on Tuesday, reaching $3.34. The company had a trading volume of 231,870 shares. The firm’s market capitalization is $378.36 million. The firm’s 50 day moving average price is $3.69 and its 200 day moving average price is $4.71. CVR Partners, has a 12-month low of $3.33 and a 12-month high of $7.16.
CVR Partners, (NYSE:UAN) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The company had revenue of $97.90 million during the quarter, compared to the consensus estimate of $117.15 million. During the same period last year, the firm posted ($0.15) EPS. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. Equities research analysts forecast that CVR Partners, will post ($0.25) EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAN. Raging Capital Management LLC boosted its position in CVR Partners, by 1,000.8% in the first quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock worth $39,371,000 after buying an additional 7,697,736 shares during the period. FMR LLC purchased a new position in CVR Partners, during the first quarter worth $4,921,000. Walthausen & Co. LLC boosted its position in CVR Partners, by 330.9% in the first quarter. Walthausen & Co. LLC now owns 942,827 shares of the basic materials company’s stock worth $4,384,000 after buying an additional 724,017 shares during the period. VIEX Capital Advisors LLC purchased a new position in CVR Partners, during the first quarter worth $2,259,000. Finally, Goldman Sachs Group Inc. boosted its position in CVR Partners, by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 409,608 shares of the basic materials company’s stock worth $1,905,000 after buying an additional 136,581 shares during the period. Institutional investors own 22.40% of the company’s stock.
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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