Enviva Partners, LP (NYSE:EVA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Enviva Partners, LP is a master limited partnership which owns and operates wood pellet production plants. It serves primarily in the United States and Europe. Enviva Partners, LP is based in Bethesa, United States. “

Other analysts have also recently issued research reports about the company. TheStreet upgraded Enviva Partners, from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and set a $33.00 target price on shares of Enviva Partners, in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Enviva Partners, has a consensus rating of “Buy” and a consensus price target of $28.80.

Enviva Partners, (NYSE EVA) traded up 0.18% during midday trading on Tuesday, reaching $28.40. 22,216 shares of the company traded hands. The company has a market cap of $747.37 million, a price-to-earnings ratio of 32.20 and a beta of 1.17. Enviva Partners, has a 12-month low of $21.02 and a 12-month high of $30.60. The company has a 50-day moving average price of $27.67 and a 200-day moving average price of $27.75.

Enviva Partners, (NYSE:EVA) last announced its earnings results on Wednesday, May 10th. The energy company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.37 by $0.29. The business had revenue of $122.10 million for the quarter, compared to the consensus estimate of $139.30 million. Enviva Partners, had a return on equity of 10.85% and a net margin of 4.13%. Enviva Partners,’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. On average, analysts predict that Enviva Partners, will post $1.12 earnings per share for the current fiscal year.

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In other news, Director William K. Reilly purchased 5,500 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average price of $27.68 per share, for a total transaction of $152,240.00. Following the completion of the acquisition, the director now directly owns 23,598 shares in the company, valued at $653,192.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional investors have recently bought and sold shares of the stock. Cypress Capital Management LLC WY boosted its position in Enviva Partners, by 13.1% in the first quarter. Cypress Capital Management LLC WY now owns 5,195 shares of the energy company’s stock valued at $146,000 after buying an additional 600 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in Enviva Partners, by 28.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 5,825 shares of the energy company’s stock valued at $161,000 after buying an additional 1,275 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Enviva Partners, by 233.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,968 shares of the energy company’s stock valued at $186,000 after buying an additional 4,880 shares in the last quarter. Roosevelt Investment Group Inc. purchased a new position in Enviva Partners, during the first quarter valued at about $209,000. Finally, UBS Group AG boosted its position in Enviva Partners, by 3.2% in the first quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock valued at $275,000 after buying an additional 302 shares in the last quarter.

Enviva Partners, Company Profile

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.

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