The stock of CVR Partners LP (NYSE:UAN) reached all time low today, Oct, 13 and still has $4.50 target or 7.00% below today’s $4.84 share price. This indicates more downside for the $535.10M company. This technical setup was reported by Barchart.com. If the $4.50 PT is reached, the company will be worth $37.46 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 216,165 shares traded hands. CVR Partners LP (NYSE:UAN) has declined 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 improved, 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.
Winslow Evans Crocker accumulated 536 shares or 0% of the stock. Cwm Ltd Liability Co has 2,000 shares for 0% of their US portfolio. Babson Capital Management Ltd Liability Company owns 186,319 shares or 0.04% of their US portfolio. Tower Rech Cap Ltd Liability Com (Trc) last reported 0% of its portfolio in the stock. Forbes J M & Communication Ltd Liability Partnership has 0.03% invested in the company for 14,900 shares. Ladenburg Thalmann Finance last reported 46,181 shares in the company. Next has 1,500 shares for 0% of their US portfolio. Manufacturers Life Ins Company The, a Ontario – Canada-based fund reported 1,729 shares. North Star Inv Corporation holds 5,280 shares or 0.01% of its portfolio. Credit Suisse Ag holds 0% of its portfolio in CVR Partners LP (NYSE:UAN) for 11,941 shares. Bragg Advsrs last reported 0.05% of its portfolio in the stock. Lpl Finance Ltd Liability Co holds 75,280 shares or 0.01% of its portfolio. Greenwich Inv Mgmt accumulated 0.39% or 45,192 shares. Smith Moore accumulated 17,680 shares or 0.06% of the stock. Hudock Capital Lc, a Pennsylvania-based fund reported 400 shares.
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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