CVR Partners, LP (NYSE:UAN) Posts Earnings Results, Misses Estimates By $0.04 EPS

CVR Partners, LP (NYSE:UAN) posted its earnings results on Thursday. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04, Bloomberg Earnings reports. The business had revenue of $97.90 million for the quarter, compared to analyst estimates of $117.15 million. CVR Partners, had a negative return on equity of 6.69% and a negative net margin of 12.03%. The firm’s revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.15) earnings per share.

CVR Partners, (NYSE:UAN) opened at 3.53 on Friday. CVR Partners, has a 12-month low of $3.38 and a 12-month high of $7.58. The firm’s market capitalization is $399.89 million. The company’s 50 day moving average price is $3.72 and its 200-day moving average price is $4.77.

A number of research analysts recently weighed in on UAN shares. BidaskClub raised CVR Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised CVR Partners, from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 18th. TheStreet lowered CVR Partners, from a “c-” rating to a “d+” rating in a report on Thursday, May 25th. ValuEngine raised CVR Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Cowen and Company reissued a “hold” rating and set a $5.00 target price on shares of CVR Partners, in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. CVR Partners, has a consensus rating of “Hold” and an average price target of $5.50.

A number of hedge funds have recently modified their holdings of UAN. Goldman Sachs Group Inc. raised its stake in shares of 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. Raging Capital Management LLC increased its stake 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 in the last quarter. VIEX Capital Advisors LLC purchased a new stake in CVR Partners, during the first quarter worth about $2,259,000. Global X Management Co. LLC increased its stake in 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 in the last quarter. Finally, Walthausen & Co. LLC increased its stake 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 in the last quarter. Institutional investors and hedge funds 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.