Enviva Partners, LP (EVA) Given Consensus Rating of “Buy” by Brokerages
Shares of Enviva Partners, LP (NYSE:EVA) have been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.00.
A number of research analysts have recently weighed in on EVA shares. Zacks Investment Research downgraded Enviva Partners, from a “hold” rating to a “strong sell” rating in a research note on Friday, May 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 price target on shares of Enviva Partners, in a research note on Thursday, April 13th. TheStreet raised Enviva Partners, from a “c” rating to a “b-” rating in a research note on Wednesday, May 17th. Finally, BidaskClub raised Enviva Partners, from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th.
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Enviva Partners, (NYSE:EVA) opened at 30.00 on Friday. The company has a 50 day moving average price of $28.39 and a 200-day moving average price of $28.07. Enviva Partners, has a one year low of $22.82 and a one year high of $30.60. The firm has a market capitalization of $789.48 million, a PE ratio of 53.96 and a beta of 1.18.
Enviva Partners, (NYSE:EVA) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.22. The company had revenue of $126.90 million during the quarter, compared to analyst estimates of $142.08 million. Enviva Partners, had a net margin of 2.38% and a return on equity of 8.49%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, equities analysts predict that Enviva Partners, will post $1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be paid a $0.57 dividend. The ex-dividend date is Friday, August 11th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.60%. This is an increase from Enviva Partners,’s previous quarterly dividend of $0.56. Enviva Partners,’s dividend payout ratio is 634.30%.
In other Enviva Partners, news, Director William K. Reilly acquired 5,500 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average price of $27.68 per share, with a total value of $152,240.00. Following the purchase, 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 can be accessed through this link.
A number of hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Enviva Partners, by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,148,071 shares of the energy company’s stock valued at $32,260,000 after buying an additional 176,082 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Enviva Partners, by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 227,049 shares of the energy company’s stock valued at $6,244,000 after buying an additional 2,000 shares during the last quarter. James Investment Research Inc. increased its stake in shares of Enviva Partners, by 0.4% in the first quarter. James Investment Research Inc. now owns 103,530 shares of the energy company’s stock valued at $2,909,000 after buying an additional 420 shares during the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Enviva Partners, during the first quarter valued at approximately $2,270,000. Finally, Usca Ria LLC increased its stake in shares of Enviva Partners, by 5.2% in the second quarter. Usca Ria LLC now owns 70,485 shares of the energy company’s stock valued at $1,938,000 after buying an additional 3,510 shares during the last quarter.
About Enviva Partners,
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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