Shares of CVR Partners LP (NYSE:UAN) have been assigned a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 1 year consensus target price of $11.00 for the company and are anticipating that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CVR Partners an industry rank of 226 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on the stock. Cowen and Company lowered their price objective on shares of CVR Partners from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. Zacks Investment Research cut shares of CVR Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 30th.
CVR Partners (NYSE:UAN) opened at 8.01 on Monday. CVR Partners has a 1-year low of $7.11 and a 1-year high of $16.12. The company has a market cap of $585.71 million and a PE ratio of 8.61. The company has a 50-day moving average price of $8.10 and a 200-day moving average price of $10.38.
CVR Partners (NYSE:UAN) last released its quarterly earnings data on Thursday, October 29th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.21. The business had revenue of $49.30 million for the quarter, compared to the consensus estimate of $53.50 million. CVR Partners’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same period last year, the business posted $0.17 earnings per share. On average, analysts expect that CVR Partners will post $0.88 EPS for the current fiscal year.
CVR Partners, LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. Its principal products are urea-ammonium nitrate (NYSE:UAN) and ammonia. The Company’s products are manufactured at its facility in Coffeyville, Kansas. The nitrogen fertilizer plant processes approximately 1,400 tons per day of pet coke from its crude oil refinery and third-party sources. The Company’s facility includes an ammonia unit, a UAN unit and a gasifier complex. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers, retailers and distributors. In addition, it operates around eight rail loading and around two truck loading racks for UAN. It also operates approximately four rail loading and around two truck loading racks for ammonia.
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