CVR Partners (NYSE:UAN) Rating Increased to Buy at StockNews.com

CVR Partners (NYSE:UAN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

CVR Partners Stock Down 0.2 %

Shares of NYSE UAN opened at $73.85 on Thursday. CVR Partners has a 1 year low of $60.50 and a 1 year high of $88.94. The firm has a 50-day simple moving average of $69.31 and a two-hundred day simple moving average of $75.44. The company has a market cap of $1.26 billion, a P/E ratio of 15.78 and a beta of 1.27. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.09 and a quick ratio of 1.73.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Monday, July 29th. The basic materials company reported $2.48 earnings per share (EPS) for the quarter. The firm had revenue of $132.90 million during the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%.

Institutional Trading of CVR Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oxbow Advisors LLC purchased a new position in CVR Partners during the 2nd quarter valued at about $212,000. Exchange Traded Concepts LLC bought a new position in CVR Partners in the third quarter worth approximately $293,000. Virtu Financial LLC bought a new stake in CVR Partners during the 1st quarter valued at $506,000. SG Americas Securities LLC bought a new stake in CVR Partners during the 1st quarter valued at $820,000. Finally, Founders Financial Alliance LLC raised its position in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

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.