CVR Partners (UAN) Crumbles: Stock Falls by 6.3% – Tale of the Tape

Zacks

CVR Partners, LP (UAN) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for UAN, as the stock is now down over 24% in the past one-month time frame.

CVR Partners, a fertilizer company, has seen a flat track record when it comes to current year estimate revisions over the past few weeks which has remained unchanged, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

CVR Partners has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Investors interested in the same industry may consider better-ranked stocks like Intrepid Potash, Inc. (IPI), Potash Corp. of Saskatchewan, Inc. (POT) and LyondellBasell Industries N.V. (LYB). All these stocks carry a Zacks Rank #2 (Buy).

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