The stock of CVR Partners LP (NYSE:UAN) reached all time low today, Nov, 3 and still has $3.64 target or 12.00% below today’s $4.14 share price. This indicates more downside for the $457.68 million company. This technical setup was reported by Barchart.com. If the $3.64 PT is reached, the company will be worth $54.92 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 6.97% or $0.31 on November 3, hitting $4.14. About 744,933 shares traded hands or 132.47% 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 is positive, 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.
Moreover, Barnett has 0.02% invested in CVR Partners LP (NYSE:UAN) for 3,400 shares. Allianz Asset Mgmt Ag owns 645,833 shares or 0% of their US portfolio. Smith Moore And reported 17,680 shares or 0.06% of all its holdings. Moreover, Savings Bank Of America De has 0% invested in CVR Partners LP (NYSE:UAN) for 32,965 shares. Peak6 Lp has 0% invested in the company for 5,807 shares. Pekin Singer Strauss Asset Mngmt Il has 0.46% invested in the company for 256,257 shares. Hudock Cap Group Lc last reported 400 shares in the company. Cna Fincl holds 504,164 shares or 1.02% of its portfolio. Raymond James And has 0% invested in the company for 19,227 shares. Glenmede Na holds 400 shares or 0% of its portfolio. Hite Hedge Asset Mgmt Ltd Liability Company holds 427,033 shares or 1.42% of its portfolio. Marco Inv Mgmt Ltd Liability has 52,200 shares for 0.08% of their US portfolio. Walleye Trading Ltd Liability has 0% invested in the company for 144 shares. Grt Cap Partners Limited has invested 0.07% of its portfolio in CVR Partners LP (NYSE:UAN). Bollard Gp Ltd Co last reported 1,509 shares in the company.
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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