Enviva Partners LP (NYSE:EVA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $33.25 and last traded at $33.18, with a volume of 705 shares traded. The stock had previously closed at $32.80.

Separately, Zacks Investment Research downgraded shares of Enviva Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th.

The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.39 and a current ratio of 0.58. The company has a market capitalization of $871.50 million, a P/E ratio of 46.28 and a beta of 0.94.

Enviva Partners (NYSE:EVA) last issued its earnings results on Wednesday, February 20th. The energy company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $168.67 million during the quarter, compared to the consensus estimate of $162.20 million. Enviva Partners had a net margin of 1.22% and a return on equity of 19.52%. As a group, research analysts expect that Enviva Partners LP will post 0.96 earnings per share for the current fiscal year.

In other news, Director Holdings Lp Enviva bought 1,681,237 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average price of $29.74 per share, for a total transaction of $49,999,988.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several hedge funds have recently modified their holdings of EVA. Paragon Capital Management LLC purchased a new stake in Enviva Partners in the first quarter valued at $32,000. Advisor Group Inc. lifted its position in Enviva Partners by 855.0% in the fourth quarter. Advisor Group Inc. now owns 1,910 shares of the energy company’s stock valued at $53,000 after acquiring an additional 1,710 shares during the last quarter. Barclays PLC purchased a new stake in Enviva Partners in the fourth quarter valued at $81,000. Alps Advisors Inc. purchased a new stake in Enviva Partners in the fourth quarter valued at $211,000. Finally, Wedbush Securities Inc. lifted its position in Enviva Partners by 26.7% in the fourth quarter. Wedbush Securities Inc. now owns 8,551 shares of the energy company’s stock valued at $237,000 after acquiring an additional 1,801 shares during the last quarter.

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Enviva Partners Company Profile (NYSE:EVA)

Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.

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