According to Zacks, “CVR Partners remains exposed to headwinds from lower nitrogen fertilizer prices. Its operations are also subject to the risks of production outages. The company also faces intense price competition. However, CVR Partners remains committed to ramp up its UAN production capacity. The company is upgrading substantially all of the ammonia it makes to higher margin UAN. Further, the buyout of Rentech Nitrogen Partners offers a compelling opportunity as the integration of two pure-play, complementary nitrogen fertilizer makers creates an entity with larger scale, enhanced production capacity and increased operating reach. The company has a negative record of earnings suprises in the recent quarters. Its estimates have moved down lately.”
Separately, Morgan Stanley reissued a hold rating on shares of CVR Partners in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $9.14.
Shares of CVR Partners (NYSE:UAN) opened at 5.30 on Wednesday. CVR Partners has a 12-month low of $4.77 and a 12-month high of $10.76. The stock has a 50 day moving average of $5.85 and a 200 day moving average of $7.48. The company has a market cap of $600.39 million, a price-to-earnings ratio of 72.60 and a beta of 1.22.
CVR Partners (NYSE:UAN) last released its earnings results on Thursday, July 28th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.36. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $116.05 million. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 48.3% compared to the same quarter last year. On average, equities analysts expect that CVR Partners will post $0.31 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. acquired a new stake in shares of CVR Partners during the second quarter valued at about $102,000. Wedbush Securities Inc. acquired a new stake in shares of CVR Partners during the second quarter valued at about $110,000. Nuveen Fund Advisors LLC acquired a new stake in shares of CVR Partners during the second quarter valued at about $126,000. IndexIQ Advisors LLC increased its stake in shares of CVR Partners by 70.8% in the second quarter. IndexIQ Advisors LLC now owns 19,241 shares of the company’s stock valued at $157,000 after buying an additional 7,975 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of CVR Partners during the second quarter valued at about $157,000.
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.
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