CVR Partners (NYSE:UAN) Announces Quarterly Earnings Results

CVR Partners (NYSE:UAN) posted its earnings results on Tuesday. The basic materials company reported $1.73 earnings per share for the quarter, Zacks reports. CVR Partners had a net margin of 9.97% and a return on equity of 17.65%.

CVR Partners Stock Performance

Shares of NYSE:UAN opened at $79.26 on Wednesday. The firm has a fifty day simple moving average of $78.34 and a two-hundred day simple moving average of $73.44. The stock has a market capitalization of $1.36 billion, a P/E ratio of 15.95 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners has a 52 week low of $61.62 and a 52 week high of $88.94.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 13th.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 2,840 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of $74.74 per share, for a total transaction of $212,261.60. Following the acquisition, the insider now directly owns 174,192 shares of the company’s stock, valued at $13,019,110.08. This represents a 1.66 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders bought 23,855 shares of company stock worth $1,777,923.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.