Enviva Partners (NYSE:EVA) Reaches New 12-Month High at $76.12

Enviva Partners, LP (NYSE:EVA)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $76.12 and last traded at $76.12, with a volume of 390 shares trading hands. The stock had previously closed at $74.45.

Several research analysts recently issued reports on EVA shares. JPMorgan Chase & Co. cut shares of Enviva Partners from an “overweight” rating to a “neutral” rating and set a $77.00 price target for the company. in a report on Thursday, December 9th. They noted that the move was a valuation call. Citigroup raised their target price on shares of Enviva Partners from $55.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 17th. They noted that the move was a valuation call. The Goldman Sachs Group initiated coverage on shares of Enviva Partners in a research report on Wednesday, December 1st. They set a “neutral” rating on the stock. Raymond James raised their target price on shares of Enviva Partners from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Tuesday, January 4th. Finally, Barclays raised their price objective on shares of Enviva Partners from $67.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, October 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.00.

The company has a debt-to-equity ratio of 3.46, a current ratio of 0.98 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $70.83 and its 200-day simple moving average is $61.22.

Enviva Partners (NYSE:EVA) last posted its earnings results on Wednesday, November 3rd. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.25. The firm had revenue of $237.40 million during the quarter, compared to analysts’ expectations of $291.11 million. Enviva Partners had a net margin of 0.05% and a return on equity of 17.93%. Equities research analysts predict that Enviva Partners, LP will post 0.9 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 26th. Shareholders of record on Monday, November 15th were paid a $0.84 dividend. The ex-dividend date was Friday, November 12th. This is a boost from Enviva Partners’s previous quarterly dividend of $0.82. This represents a $3.36 dividend on an annualized basis and a yield of 4.60%. Enviva Partners’s payout ratio is -460.27%.

Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Enviva Partners in the 2nd quarter valued at $28,000. Capital Analysts LLC bought a new stake in shares of Enviva Partners in the 3rd quarter worth about $40,000. Atticus Wealth Management LLC grew its holdings in shares of Enviva Partners by 88.4% in the 3rd quarter. Atticus Wealth Management LLC now owns 848 shares of the energy company’s stock worth $46,000 after purchasing an additional 398 shares during the last quarter. US Bancorp DE grew its holdings in shares of Enviva Partners by 53.8% in the 2nd quarter. US Bancorp DE now owns 1,000 shares of the energy company’s stock worth $52,000 after purchasing an additional 350 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Enviva Partners in the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Enviva Partners Company Profile (NYSE:EVA)

Enviva Partners LP engages in the production, process, and distribution of wood biomass to power generators. It offers wood pellets and wood chips which are used in coal-fired power generation and power plants. The company was founded on November 12, 2013 and is headquartered in Bethesda, MD.

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