Zacks Investment Research lowered shares of CVR Partners, LP (NYSE:UAN) from a hold rating to a sell rating in a report published on Tuesday.

According to Zacks, “CVR Partners’ loss for the second quarter of 2017 was lower than the Zacks Consensus Estimate. Revenues fell by double digits year over year in the quarter. CVR Partners has underperformed the industry it belongs to over the last three months. The company remains exposed to headwinds from weak nitrogen fertilizer prices. Abundant nitrogen supply driven by new production capacity is expected weigh on global prices this year. The company also faces intense price competition.”

A number of other research analysts also recently issued reports on the stock. BidaskClub downgraded shares of CVR Partners, from a sell rating to a strong sell rating in a research report on Tuesday, August 1st. Cowen and Company reiterated a hold rating and issued a $5.00 price objective on shares of CVR Partners, in a research report on Tuesday, July 11th. ValuEngine upgraded shares of CVR Partners, from a strong sell rating to a sell rating in a research report on Friday, June 2nd. Finally, TheStreet downgraded shares of CVR Partners, from a c- rating to a d+ rating in a research report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $5.50.

Shares of CVR Partners, (NYSE:UAN) traded up 5.36% during midday trading on Tuesday, reaching $2.75. The company’s stock had a trading volume of 103,579 shares. CVR Partners, has a 12-month low of $2.62 and a 12-month high of $6.95. The firm’s market capitalization is $311.53 million. The stock has a 50-day moving average of $3.28 and a 200 day moving average of $4.21.

CVR Partners, (NYSE:UAN) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $97.90 million for the quarter, compared to analyst estimates of $117.15 million. CVR Partners, had a negative net margin of 12.03% and a negative return on equity of 6.74%. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share. Equities research analysts predict that CVR Partners, will post ($0.29) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of UAN. Goldman Sachs Group Inc. increased its position in shares of CVR Partners, by 698.5% in 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 buying an additional 2,860,954 shares during the period. Virtu KCG Holdings LLC increased its position in shares of CVR Partners, by 47.0% in the second quarter. Virtu KCG Holdings LLC now owns 47,458 shares of the basic materials company’s stock worth $166,000 after buying an additional 15,174 shares during the period. Citigroup Inc. purchased a new position in shares of CVR Partners, during the second quarter worth $263,000. Wells Fargo & Company MN increased its position in shares of 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 worth $339,000 after buying an additional 11,581 shares during the period. Finally, Leucadia National Corp purchased a new position in shares of CVR Partners, during the second quarter worth $349,000. Institutional investors and hedge funds own 22.33% 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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