CVR Partners (NYSE:UAN) Research Coverage Started at Freedom Broker

Freedom Broker started coverage on shares of CVR Partners (NYSE:UAN) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $124.00 price objective on the basic materials company’s stock.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of CVR Partners in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

CVR Partners Price Performance

Shares of CVR Partners stock opened at $125.97 on Tuesday. CVR Partners has a one year low of $93.43 and a one year high of $139.50. The stock’s fifty day moving average is $127.92 and its 200 day moving average is $121.47. The stock has a market cap of $1.33 billion, a P/E ratio of 8.31 and a beta of 0.26. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share (EPS) for the quarter. The business had revenue of $202.19 million during the quarter. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently bought and sold shares of the business. Oxbow Advisors LLC boosted its stake in shares of CVR Partners by 5.7% in the first quarter. Oxbow Advisors LLC now owns 69,768 shares of the basic materials company’s stock worth $8,838,000 after acquiring an additional 3,738 shares during the period. De Lisle Partners LLP purchased a new stake in shares of CVR Partners during the second quarter worth about $6,058,000. Royal Bank of Canada grew its position in shares of CVR Partners by 30.6% during the first quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock worth $1,400,000 after purchasing an additional 2,591 shares in the last quarter. Apollon Wealth Management LLC raised its stake in CVR Partners by 2.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 7,873 shares of the basic materials company’s stock valued at $974,000 after purchasing an additional 158 shares during the period. Finally, Bank of America Corp DE raised its stake in CVR Partners by 219.8% during the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock valued at $913,000 after purchasing an additional 4,955 shares during the period. Hedge funds and other institutional investors own 43.83% of the company’s stock.

CVR Partners Company Profile

CVR Partners, LP (NYSE: UAN) is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.