Shares of Enviva Partners, LP (NYSE:EVA) have received an average recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $33.50.

A number of research analysts have recently issued reports on the company. BidaskClub raised Enviva Partners, from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Zacks Investment Research raised Enviva Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Citigroup Inc. raised Enviva Partners, from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, September 22nd.

Shares of Enviva Partners, (NYSE:EVA) opened at 30.00 on Wednesday. Enviva Partners, has a 1-year low of $24.45 and a 1-year high of $31.95. The company has a market capitalization of $789.48 million, a PE ratio of 53.96 and a beta of 1.17. The stock’s 50 day moving average price is $29.67 and its 200-day moving average price is $28.71.

Enviva Partners, (NYSE:EVA) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.22). The business had revenue of $126.90 million for the quarter, compared to the consensus estimate of $142.08 million. Enviva Partners, had a net margin of 2.38% and a return on equity of 8.49%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, equities analysts predict that Enviva Partners, will post $0.77 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Winslow Evans & Crocker Inc. lifted its holdings 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 acquiring an additional 1,275 shares during the period. Roosevelt Investment Group Inc. lifted its holdings in Enviva Partners, by 4.1% in the second quarter. Roosevelt Investment Group Inc. now owns 7,746 shares of the energy company’s stock valued at $213,000 after acquiring an additional 305 shares during the period. UBS Group AG lifted its holdings 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 acquiring an additional 302 shares during the period. Bard Associates Inc. bought a new position in Enviva Partners, in the second quarter valued at about $321,000. Finally, Wells Fargo & Company MN lifted its holdings in Enviva Partners, by 13.8% in the first quarter. Wells Fargo & Company MN now owns 20,419 shares of the energy company’s stock valued at $574,000 after acquiring an additional 2,481 shares during the period.

ILLEGAL ACTIVITY NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/25/enviva-partners-lp-eva-receives-consensus-recommendation-of-buy-from-analysts.html.

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.

Receive News & Ratings for Enviva Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enviva Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.