The stock of CVR Partners LP (NYSE:UAN) hit a new 52-week low and has $4.41 target or 7.00% below today’s $4.74 share price. The 6 months bearish chart indicates high risk for the $524.28 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $4.41 price target is reached, the company will be worth $36.70 million 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. About 84,130 shares traded hands. CVR Partners LP (NYSE:UAN) has declined 33.38% since March 14, 2016 and is downtrending. It has underperformed by 38.99% 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.
Rodgers Brothers has invested 0.06% of its portfolio in CVR Partners LP (NYSE:UAN). Groesbeck Investment Corporation Nj last reported 0.66% of its portfolio in the stock. Bollard Grp Incorporated Limited last reported 0% of its portfolio in the stock. The Pennsylvania-based Pnc Serv Grp Incorporated has invested 0% in CVR Partners LP (NYSE:UAN). Hite Hedge Asset Ltd holds 1.42% or 427,033 shares in its portfolio. Moreover, Us Commercial Bank De has 0% invested in CVR Partners LP (NYSE:UAN) for 2,540 shares. Wells Fargo And Mn holds 200,846 shares or 0% of its portfolio. Marco Investment Mgmt holds 0.08% of its portfolio in CVR Partners LP (NYSE:UAN) for 52,200 shares. Creative Planning accumulated 7,102 shares or 0% of the stock. Barclays Public Limited holds 6,084 shares or 0% of its portfolio. Tocqueville Asset L P accumulated 30,000 shares or 0% of the stock. First Manhattan has invested 0% of its portfolio in CVR Partners LP (NYSE:UAN). Raymond James Financial Services Advsrs holds 23,500 shares or 0% of its portfolio. Citigroup, a New York-based fund reported 2,690 shares. Strategic Income Mngmt holds 213,218 shares or 6.25% of 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, Prnewswire.com published: “CVR Partners, LP Announces Commencement of Tender Offer, Consent Solicitation …” on April 29, 2016. More interesting news about CVR Partners LP (NYSE:UAN) were released by: Fool.com and their article: “Why CVR Partners LP Soared 18.9% in March” published on April 08, 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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