CVR Partners, LP Common Units r (NYSE:UAN):
CVR Partners Reports 2017 Third Quarter Results.
The company is unchanged by % percent from yesterday’s close.
CVR Partners, LP, launched on June 12, 2007, is a limited partnership formed by CVR Energy, Inc. (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois. As of December 31, 2016, the Business’s Coffeyville Facility included a 1,300 ton-per-day capacity ammonia unit, a 3,000 ton-per-day capacity urea-ammonium nitrate (UAN) unit, and a gasifier complex having a capacity of 89 million standard cubic feet per day of hydrogen. The gasifier is a dual-train facility, with each gasifier able to function independently of the other. The Coffeyville Facility utilizes a petroleum coke, or pet coke, gasification process to produce nitrogen fertilizer..
Shares are trading at $3.56 which is just over $3.27, the 50 day moving average and which is just under the 200 day moving average of $3.67. The 50 day moving average was up $0.29 and the 200 day average was down $-0.11.
As of the last earnings report the EPS was $-0.37 and is expected to be $-0.30 for the current year with 113,282,000 shares outstanding. Next quarter’s EPS is expected be $-0.07 with next year’s EPS projected to be $-0.12.
Traders are feeling more bullish on shares of the company at least if you consider the decrease in short interest. The stock realized a fall in short interest from September 29, 2017 to October 13, 2017 of -4.79%. Short interest decreased from 753,247 to 717,167 over that timeframe. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.01% as of October 13.