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.
ILLEGAL ACTIVITY WARNING: “Enviva Partners, LP (EVA) Given Consensus Rating of “Buy” by Brokerages” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/11/enviva-partners-lp-eva-given-consensus-rating-of-buy-by-brokerages.html.
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.
What are top analysts saying about Enviva Partners LP? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enviva Partners LP and related companies.