Goldman Sachs Upgrades CVR Partners LP to Buy

Brokerage firm Goldman Sachs Upgrades its rating on CVR Partners LP(UAN). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 20, 2017 in a research report to their Investors and Clients.

CVR Partners LP (UAN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.05% or 0.05 points. Due to strong positive momentum, the stock ended at $4.8, which is also near the day’s high of $4.82. The stock began the session at $4.76 and the volume stood at 2,28,876 shares. The 52-week high of the shares is $9.75 and the 52 week low is $4.05. The company has a current market capitalization of $544 M and it has 11,32,82,973 shares in outstanding.

CVR Partners LP(UAN) last announced its earnings results on Oct 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $78.50M. Analysts had an estimated revenue of $84.02M. Earnings per share were $-0.12. The reported EPS was above estimates by $0.04 or NaN%. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Nov 8, 2016, Mark A Pytosh (CEO) purchased 20,000 shares at $4.20 per share price.Also, On Mar 14, 2016, Donna R Ecton (director) purchased 2,000 shares at $7.20 per share price.

CVR Partners LP owns and operates nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products. Its principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its facility in Coffeyville Kansas. The nitrogen fertilizer plant processes approximately 1400 tons per day of pet coke from its crude oil refinery and third-party sources. The Company’s facility includes an ammonia unit a UAN unit and a gasifier complex. The primary geographic markets for its fertilizer products are Kansas Missouri Nebraska Iowa Illinois Colorado and Texas. It markets the ammonia products to industrial and agricultural customers and the UAN products to agricultural customers retailers and distributors. In addition it operates around eight rail loading and around two truck loading racks for UAN. It also operates approximately four rail loading and around two truck loading racks for ammonia.

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