CVR Partners LP (UAN) Shares Rating Boosted by ValuEngine

CVR Partners LP (UAN) Shares Rating Boosted by ValuEngine

CVR Partners LP (NYSE:UAN) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut CVR Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Goldman Sachs Group Inc upgraded CVR Partners from a “neutral” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Monday, March 20th. Finally, TheStreet cut CVR Partners from a “c-” rating to a “d+” rating in a research report on Thursday, May 25th. Two 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.00.

CVR Partners (UAN) opened at 3.57 on Friday. CVR Partners has a one year low of $3.38 and a one year high of $9.75. The firm’s market cap is $404.42 million. The stock’s 50 day moving average is $4.57 and its 200 day moving average is $5.28.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.07. CVR Partners had a net margin of 1.87% and a return on equity of 4.69%. The company had revenue of $85.30 million during the quarter, compared to the consensus estimate of $90.04 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts expect that CVR Partners will post ($0.14) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, May 4th. CVR Partners’s dividend payout ratio (DPR) is 295.85%.

A number of hedge funds have recently made changes to their positions in UAN. Global X Management Co. LLC boosted its stake in shares of CVR Partners by 10.7% in the first quarter. Global X Management Co. LLC now owns 39,475 shares of the basic materials company’s stock worth $184,000 after buying an additional 3,825 shares during the period. Private Advisor Group LLC boosted its stake in shares of CVR Partners by 46.6% in the first quarter. Private Advisor Group LLC now owns 22,142 shares of the basic materials company’s stock worth $105,000 after buying an additional 7,042 shares during the period. Nuveen Fund Advisors LLC boosted its stake in shares of CVR Partners by 73.0% in the third quarter. Nuveen Fund Advisors LLC now owns 26,652 shares of the basic materials company’s stock worth $141,000 after buying an additional 11,247 shares during the period. Wedbush Securities Inc. boosted its stake in shares of CVR Partners by 141.7% in the first quarter. Wedbush Securities Inc. now owns 34,618 shares of the basic materials company’s stock worth $161,000 after buying an additional 20,296 shares during the period. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of CVR Partners by 177.5% in the fourth quarter. Quinn Opportunity Partners LLC now owns 84,430 shares of the basic materials company’s stock worth $507,000 after buying an additional 54,000 shares during the period. Hedge funds and other institutional investors own 19.89% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UAN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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