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.
Wall Street Analyst Weigh In
Several research firms recently commented on EVA. StockNews.com raised shares of Enviva to a "sell" rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of Enviva from $70.00 to $71.00 in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $76.71.
Enviva Price Performance
Shares of EVA Stock opened at $75.06 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.65 and a debt-to-equity ratio of 2.81. Enviva has a 1 year low of $51.46 and a 1 year high of $91.06. The firm's fifty day moving average price is $64.58 and its two-hundred day moving average price is $72.39.
Enviva Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.905 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $3.62 annualized dividend and a dividend yield of 4.82%.
Insider Transactions at Enviva
In other news, President Thomas Meth acquired 8,600 shares of the stock in a transaction dated Thursday, June 23rd. The shares were bought at an average cost of $58.78 per share, for a total transaction of $505,508.00. Following the purchase, the president now directly owns 426,255 shares of the company's stock, valued at $25,055,268.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Thomas Meth acquired 8,600 shares of the stock in a transaction dated Thursday, June 23rd. The shares were bought at an average cost of $58.78 per share, for a total transaction of $505,508.00. Following the purchase, the president now directly owns 426,255 shares of the company's stock, valued at $25,055,268.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yana Kravtsova sold 476 shares of the company's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $78.00, for a total transaction of $37,128.00. Following the completion of the transaction, the executive vice president now owns 92,063 shares in the company, valued at approximately $7,180,914. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 29,322 shares of company stock worth $1,753,244 and have sold 1,428 shares worth $98,503. 13.30% of the stock is owned by company insiders.