The stock of CVR Partners LP (NYSE:UAN) hit a new 52-week low and has $4.52 target or 7.00% below today’s $4.86 share price. The 9 months bearish chart indicates high risk for the $537.32M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $4.52 price target is reached, the company will be worth $37.61M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $4.86 per share. It is down 33.29% since March 10, 2016 and is downtrending. It has underperformed by 40.81% the S&P500.
Analysts await CVR Partners LP (NYSE:UAN) to report earnings on November, 3. They expect $-0.05 EPS, up 28.57% or $0.02 from last year’s $-0.07 per share. After $0.01 actual EPS reported by CVR Partners LP for the previous quarter, Wall Street now forecasts -600.00% negative EPS growth.
According to Zacks Investment Research, “CVR Partners, LP is a limited partnership operating nitrogen fertilizer business which utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer. CVR Partners, LP is based in Sugar Land, Texas.”
Insitutional Activity: The institutional sentiment increased to 3.6 in Q2 2016. Its up 3.03, from 0.57 in 2016Q1. The ratio increased, as 6 funds sold all CVR Partners LP shares owned while 9 reduced positions. 28 funds bought stakes while 26 increased positions. They now own 53.26 million shares or 1477.82% more from 3.38 million shares in 2016Q1.
Cadinha & Company Limited Liability Corporation has invested 0.03% of its portfolio in CVR Partners LP (NYSE:UAN). Glenmede Company Na has invested 0% of its portfolio in CVR Partners LP (NYSE:UAN). Moreover, Whittier Comm has 0% invested in CVR Partners LP (NYSE:UAN) for 600 shares. Jpmorgan Chase And has 96,639 shares for 0% of their US portfolio. Moreover, Bollard Group Inc Ltd Limited Liability Company has 0% invested in CVR Partners LP (NYSE:UAN) for 1,509 shares. Fifth Third Comml Bank holds 0% of its portfolio in CVR Partners LP (NYSE:UAN) for 800 shares. Pnc Fincl Group Inc Inc holds 0% or 840 shares in its portfolio. Quinn Opportunity Partners Ltd Liability Com last reported 0.1% of its portfolio in the stock. Blackrock, a New York-based fund reported 95,848 shares. Citigroup owns 2,690 shares or 0% of their US portfolio. Advisory Serv Network Ltd Liability reported 258 shares or 0% of all its holdings. Winslow Evans And Crocker holds 0% of its portfolio in CVR Partners LP (NYSE:UAN) for 536 shares. Blackrock Management Limited Com last reported 2,000 shares in the company. Tocqueville Asset Management Limited Partnership has 30,000 shares for 0% of their US portfolio. Ameriprise Fincl holds 0% or 10,171 shares in its portfolio.
More notable recent CVR Partners LP (NYSE:UAN) news were published by: Prnewswire.com which released: “CVR Partners Announces 2016 Third Quarter Earnings Call” on October 13, 2016, also Fool.com with their article: “Does This Scary Designation Make CVR Partners, LP a Risky Stock?” published on June 02, 2016, Fool.com published: “Why CVR Partners LP Soared 18.9% in March” on April 08, 2016. More interesting news about CVR Partners LP (NYSE:UAN) were released by: Prnewswire.com and their article: “CVR Partners, LP Announces Commencement of Tender Offer, Consent Solicitation …” published on April 29, 2016 as well as Prnewswire.com‘s news article titled: “CVR Partners, LP to Combine with Rentech Nitrogen Partners, L.P. To Create a …” with publication date: August 10, 2015.
UAN Company Profile
CVR Partners, LP, incorporated on June 12, 2007, owns and operates nitrogen fertilizer business. The Firm produces and distributes nitrogen fertilizer products. The Firm operates through the United States segment. The Company’s 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. The nitrogen fertilizer plant processes approximately 1,300 tons per day of ammonia, and consists of a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per day of hydrogen.
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