Enviva Partners, LP (EVA) Downgraded by TheStreet
A number of other research analysts have also recently commented on the company. Royal Bank Of Canada restated a buy rating on shares of Enviva Partners, in a research note on Tuesday, November 7th. Citigroup Inc. upgraded Enviva Partners, from a neutral rating to a buy rating and set a $34.00 target price for the company in a research note on Friday, September 22nd. Zacks Investment Research cut Enviva Partners, from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded Enviva Partners, from a hold rating to a buy rating in a research note on Saturday, August 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $33.33.
Enviva Partners, (EVA) opened at $28.45 on Tuesday. The company has a market capitalization of $402.83, a P/E ratio of 42.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.52 and a quick ratio of 1.03. Enviva Partners, has a one year low of $24.60 and a one year high of $31.95.
COPYRIGHT VIOLATION NOTICE: “Enviva Partners, LP (EVA) Downgraded by TheStreet” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/enviva-partners-lp-eva-downgraded-by-thestreet/1710877.html.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.615 per share. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.46 dividend on an annualized basis and a yield of 8.65%. Enviva Partners,’s payout ratio is presently 6,151.54%.
A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Enviva Partners, by 4.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,203,547 shares of the energy company’s stock valued at $33,098,000 after buying an additional 55,476 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Enviva Partners, by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 229,549 shares of the energy company’s stock worth $6,784,000 after purchasing an additional 2,500 shares in the last quarter. Ardsley Advisory Partners bought a new stake in shares of Enviva Partners, in the 2nd quarter worth $3,238,000. Tocqueville Asset Management L.P. increased its holdings in shares of Enviva Partners, by 26.6% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 102,300 shares of the energy company’s stock worth $3,023,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Usca Ria LLC increased its holdings in shares of Enviva Partners, by 5.2% in the 2nd quarter. Usca Ria LLC now owns 70,485 shares of the energy company’s stock worth $1,938,000 after purchasing an additional 3,510 shares in the last quarter.
Enviva Partners, Company Profile
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 Analyst Ratings Network's FREE daily email newsletter.