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

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. “

EVA has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $33.00 price target on shares of Enviva Partners, in a research note on Tuesday, June 20th. BidaskClub raised Enviva Partners, from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, TheStreet raised Enviva Partners, from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Enviva Partners, has an average rating of “Buy” and a consensus target price of $29.00.

Enviva Partners, (NYSE EVA) traded down 0.50% on Monday, reaching $29.75. The company had a trading volume of 59,869 shares. The company has a market capitalization of $782.90 million, a price-to-earnings ratio of 33.73 and a beta of 1.18. The company’s 50 day moving average price is $27.94 and its 200-day moving average price is $27.96. Enviva Partners, has a 12 month low of $21.89 and a 12 month high of $30.60.

Enviva Partners, (NYSE:EVA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.22. Enviva Partners, had a net margin of 2.38% and a return on equity of 8.49%. The firm had revenue of $126.90 million for the quarter, compared to analyst estimates of $142.08 million. During the same period last year, the company earned $0.47 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that Enviva Partners, will post $1.12 earnings per share for the current fiscal year.

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In related news, Director William K. Reilly acquired 5,500 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was 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 owns 23,598 shares of the company’s stock, valued at approximately $653,192.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Large investors have recently added to or reduced their stakes in the stock. Usca Ria LLC increased its stake in Enviva Partners, by 5.2% in the second quarter. Usca Ria LLC now owns 70,485 shares of the energy company’s stock worth $1,938,000 after buying an additional 3,510 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Enviva Partners, by 81.6% in the second quarter. HITE Hedge Asset Management LLC now owns 46,583 shares of the energy company’s stock worth $1,281,000 after buying an additional 20,927 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Enviva Partners, during the second quarter worth approximately $790,000. Naples Global Advisors LLC increased its stake in Enviva Partners, by 1.8% in the second quarter. Naples Global Advisors LLC now owns 28,940 shares of the energy company’s stock worth $796,000 after buying an additional 500 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake 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 worth $161,000 after buying an additional 1,275 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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