3 Stocks Pushing The Chemicals Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 79 points (0.5%) at 15,467 as of Wednesday, May 22, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,746 issues advancing vs. 1,183 declining with 133 unchanged.

The Chemicals industry currently sits up 0.1% versus the S&P 500, which is up 0.5%.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. CVR Partners ( UAN) is one of the companies pushing the Chemicals industry lower today. As of noon trading, CVR Partners is down $1.83 (-6.9%) to $24.53 on heavy volume Thus far, 6.3 million shares of CVR Partners exchanged hands as compared to its average daily volume of 164,800 shares. The stock has ranged in price between $24.37-$24.80 after having opened the day at $24.70 as compared to the previous trading day's close of $26.36.

CVR Partners, LP engages in the production, distribution, and marketing of nitrogen fertilizers in North America. Its nitrogen fertilizer products include ammonia and urea ammonium nitrate. CVR GP, LLC serves as the general partner of the company. CVR Partners has a market cap of $1.9 billion and is part of the basic materials sector. The company has a P/E ratio of 16.3, below the S&P 500 P/E ratio of 17.7. Shares are up 4.4% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates CVR Partners as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that net income has been generally deteriorating over time. Get the full CVR Partners Ratings Report now.

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