Enviva - EVA Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EVA shares. StockNews.com raised shares of Enviva to a "sell" rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of Enviva from $70.00 to $71.00 in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $76.71.

Enviva Stock Up 3.8 %

Enviva stock traded up $2.59 during trading hours on Friday, hitting $70.35. The stock had a trading volume of 331,044 shares, compared to its average volume of 341,038. The company has a quick ratio of 0.48, a current ratio of 0.79 and a debt-to-equity ratio of 2.11. The stock has a market capitalization of $4.68 billion, a P/E ratio of 121.29 and a beta of 1.15. Enviva has a 12-month low of $51.46 and a 12-month high of $91.06. The stock's 50-day moving average price is $65.05 and its 200-day moving average price is $72.14.

Enviva (NYSE:EVA - Get Rating) last issued its earnings results on Thursday, May 5th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.08. The business had revenue of $232.98 million during the quarter, compared to analysts' expectations of $257.49 million. Enviva had a negative net margin of 17.37% and a negative return on equity of 32.83%. Equities research analysts anticipate that Enviva will post 0.7 EPS for the current fiscal year.

Enviva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Monday, August 15th will be issued a $0.905 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $3.62 annualized dividend and a yield of 5.15%.

Insiders Place Their Bets

In related news, President Thomas Meth purchased 8,600 shares of Enviva stock in a transaction dated Thursday, June 23rd. The stock was purchased at an average cost of $58.78 per share, for a total transaction of $505,508.00. Following the completion of the purchase, the president now directly owns 426,255 shares of the company's stock, valued at approximately $25,055,268.90. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Enviva news, Director John C. Bumgarner, Jr. bought 11,200 shares of the business's stock in a transaction that occurred on Monday, May 9th. The stock was bought at an average cost of $73.96 per share, for a total transaction of $828,352.00. Following the completion of the transaction, the director now owns 70,476 shares of the company's stock, valued at approximately $5,212,404.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas Meth bought 8,600 shares of the business's stock in a transaction that occurred on Thursday, June 23rd. The shares were acquired at an average price of $58.78 per share, with a total value of $505,508.00. Following the completion of the transaction, the president now directly owns 426,255 shares of the company's stock, valued at approximately $25,055,268.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 40,522 shares of company stock valued at $2,581,596 and sold 1,904 shares valued at $134,718. Corporate insiders own 13.30% of the company's stock.