The stock of CVR Partners LP (NYSE:UAN) hit a new 52-week low and has $3.64 target or 12.00% below today’s $4.14 share price. The 8 months bearish chart indicates high risk for the $457.68 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $3.64 price target is reached, the company will be worth $54.92M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 525,498 shares traded hands or 63.99% up from the average. CVR Partners LP (NYSE:UAN) has declined 44.93% since April 1, 2016 and is downtrending. It has underperformed by 46.14% the S&P500.
According to Zacks Investment Research, “CVR Partners, LP is a limited partnership operating nitrogen fertilizer business which utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer. CVR Partners, LP is based in Sugar Land, Texas.”
Insitutional Activity: The institutional sentiment increased to 3.6 in 2016 Q2. Its up 3.03, from 0.57 in 2016Q1. The ratio increased, as 6 funds sold all CVR Partners LP shares owned while 9 reduced positions. 28 funds bought stakes while 26 increased positions. They now own 53.26 million shares or 1477.82% more from 3.38 million shares in 2016Q1.
Citigroup last reported 2,690 shares in the company. Synovus Fin reported 3,500 shares or 0% of all its holdings. The Illinois-based Koshinski Asset has invested 0% in CVR Partners LP (NYSE:UAN). Manufacturers Life Communications The holds 0% or 1,729 shares in its portfolio. Marco Inv Mngmt Limited Liability Co, a Georgia-based fund reported 52,200 shares. Credit Suisse Ag last reported 0% of its portfolio in the stock. Peak6 Invests L P last reported 5,807 shares in the company. Da Davidson & accumulated 7,562 shares or 0% of the stock. Glenmede Communication Na last reported 0% of its portfolio in the stock. Whittier has 0% invested in the company for 600 shares. Raymond James And Associates holds 0% of its portfolio in CVR Partners LP (NYSE:UAN) for 19,227 shares. Advisory Svcs Net Lc holds 0% of its portfolio in CVR Partners LP (NYSE:UAN) for 258 shares. Rodgers Brothers holds 18,229 shares or 0.06% of its portfolio. Barclays Public Limited Company, a United Kingdom-based fund reported 6,084 shares. Ing Groep Nv holds 0% or 20,715 shares in its portfolio.
More notable recent CVR Partners LP (NYSE:UAN) news were published by: Fool.com which released: “Does This Scary Designation Make CVR Partners, LP a Risky Stock?” on June 02, 2016, also Fool.com with their article: “Why CVR Partners LP Soared 18.9% in March” published on April 08, 2016, Seekingalpha.com published: “CVR Partners: A Structural Mispricing” on October 26, 2016. More interesting news about CVR Partners LP (NYSE:UAN) were released by: Prnewswire.com and their article: “CVR Partners, LP Announces Commencement of Tender Offer, Consent Solicitation …” published on April 29, 2016 as well as Prnewswire.com‘s news article titled: “CVR Partners Announces 2016 Third Quarter Earnings Call” with publication date: October 13, 2016.
UAN Company Profile
CVR Partners, LP, incorporated on June 12, 2007, owns and operates nitrogen fertilizer business. The Firm produces and distributes nitrogen fertilizer products. The Firm operates through the United States segment. The Company’s principal products are urea-ammonium nitrate (UAN) and ammonia. The Company’s products are manufactured at its nitrogen fertilizer manufacturing facility in Coffeyville, Kansas, that utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer. The nitrogen fertilizer plant processes approximately 1,300 tons per day of ammonia, and consists of a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per day of hydrogen.
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