CVR Partners (NYSE:UAN) Releases Earnings Results

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

CVR Partners Stock Performance

Shares of UAN stock traded up $1.86 during trading hours on Tuesday, reaching $79.26. 40,421 shares of the company traded hands, compared to its average volume of 31,920. CVR Partners has a 12-month low of $61.62 and a 12-month high of $88.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The company has a market cap of $1.36 billion, a P/E ratio of 15.95 and a beta of 1.35. The firm has a 50-day moving average price of $78.34 and a 200 day moving average price of $73.44.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, major shareholder Carl C. Icahn acquired 2,851 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $74.84 per share, with a total value of $213,368.84. Following the transaction, the insider now directly owns 144,695 shares in the company, valued at approximately $10,828,973.80. This represents a 2.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 26,923 shares of company stock valued at $1,996,334 in the last ninety days.

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.