Energy Company Enviva (NYE:EVA) is scheduled to release its earnings data on 1 March. Analysts expect Enviva to post earnings of $0.66 per share for the quarter. Its shares were down 5.4%, opening at $42.06 on Wednesday, with the company having a 50-day simple moving average of $48.67 and a 200-day simple moving average of $58.06. Enviva has a debt-to-equity ratio of 3.95, a current ratio of 1.09 and a quick ratio of 0.69, and has a 52-week low of $41.33 and a 52-week high of $91.06. The company recently disclosed a quarterly dividend, which will be paid on Friday, with stockholders of record on 21 February issued a $0.905 dividend. The ex-dividend date of this dividend was 17 February. Several brokerages have recently issued reports on Enviva, with one equities research analyst giving the stock a sell rating, two giving it a hold rating, two assigning a buy rating and one a strong buy rating, according to StockTargetAdvisor.com, which said the stock presently has an average rating of “Moderate Buy” and an average target price of $69.17. Institutional investors and hedge funds have recently added to or reduced their stakes in the company.
Enviva Partners LP Stock Analysis:
According to the predictions of 5 analysts, the projected target price for Enviva Partners LP stock is USD 69.17 in the upcoming 12 months, and the average analyst ratings for the stock is Strong Buy. However, according to the analysis of Stock Target Advisor, there are 5 positive signals and 8 negative signals indicating a slightly bearish trend. As of the last closing, the stock price of Enviva Partners LP was USD 42.06, which has experienced a decline of -4.71% in the past week, -4.39% in the past month, and -39.62% in the past year.
Enviva Inc. produces and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland.