Rentech Nitrogen Partners LP (NYSE:RNF), which makes and vends nitrogen fertilizer products comprising ammonia, urea ammonium nitrate solution and liquid and granular urea in the Mid Corn Belt area of the U.S., reported on Friday its results for the 3 and 6 months finished June 30, 2012.
The company reported that revenues for the quarter finished June 30, 2012 were $70.6 million, evaluated against $74.4 million for the similar quarter in a year ago. Favorable weather circumstances permitted farmers in Rentech Nitrogen’s core market region of the Mid Corn Belt to affect spring ammonia earlier than is typical.
Rentech Nitrogen reported that net income was $41.2 million or $1.08 a share in the three months period finished June 30, 2012. This evaluated against a net income of $13.8 million for the similar period previous year.
Rentech Nitrogen boosted outlook for the twelve months finished December 31, 2012.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. CVR Partners LP (NYSE:UAN) rose +2.20% to settle at $25.96, CF Industries Holdings, Inc (NYSE:CF) moved down -2.12% to end at $207.95 while Agrium Inc (USA) (NYSE:AGU) decreased -0.11% to finish on Friday at $97.23.
Rentech Nitrogen Partners LP (NYSE:RNF) last session volume of 1.18 million shares was higher than its average volume of 464,408.00 shares. The stock after opening at $32.39 hit high price of $34.48 and then closed at $32.16 by scoring -0.86%. RNF generated revenue of 223.95 million.
The RNF past twelve months price to sales ratio was 5.49 and price to cash ratio remained 16.50.
The stock showed weekly upbeat performance of +6.84% which was maintained for the month at +18.06%. Likewise the positive performance for the quarter was recorded as +47.05% while the YTD performance remained at +112.28%.
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