CVR Partners (NYSE:UAN) Issues Earnings Results

CVR Partners (NYSE:UAN) issued its quarterly earnings data 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 Up 2.4 %

Shares of CVR Partners stock opened at $79.26 on Wednesday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 15.95 and a beta of 1.35. The company’s 50 day moving average is $78.34 and its 200 day moving average is $73.44. CVR Partners has a twelve month low of $61.62 and a twelve month high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other CVR Partners news, major shareholder Carl C. Icahn purchased 2,840 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of $74.74 per share, for a total transaction of $212,261.60. Following the completion of the transaction, the insider now owns 174,192 shares of the company’s stock, valued at approximately $13,019,110.08. The trade was a 1.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 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.