Enviva Partners LP (NYSE:EVA)’s share price traded down 2.5% on Friday . The stock traded as low as $21.53 and last traded at $21.64, with a volume of 116,287 shares trading hands. The stock had previously closed at $22.19.

Several equities analysts have weighed in on the stock. Drexel Hamilton assumed coverage on shares of Enviva Partners in a report on Tuesday, June 7th. They set a “buy” rating and a $28.00 target price for the company. Raymond James Financial Inc. downgraded shares of Enviva Partners from a “strong-buy” rating to an “outperform” rating and set a $24.00 target price for the company. in a report on Thursday, July 14th. Citigroup Inc. downgraded shares of Enviva Partners to an “outperform” rating and set a $24.00 target price for the company. in a report on Thursday, July 14th. Zacks Investment Research downgraded shares of Enviva Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, DA Davidson assumed coverage on shares of Enviva Partners in a report on Tuesday, July 19th. They set a “buy” rating and a $28.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Enviva Partners has an average rating of “Buy” and a consensus price target of $24.43.

The stock has a market cap of $537.47 million and a P/E ratio of 20.01. The stock has a 50 day moving average of $22.70 and a 200-day moving average of $20.83.

Enviva Partners (NYSE:EVA) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.06. The company had revenue of $107.30 million for the quarter, compared to analyst estimates of $140.70 million. Enviva Partners’s quarterly revenue was down 6.2% on a year-over-year basis. Equities analysts predict that Enviva Partners LP will post $1.52 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Enviva Partners stock. Wells Fargo & Company MN increased its stake in Enviva Partners LP (NYSE:EVA) by 85.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,762 shares of the company’s stock after buying an additional 178,678 shares during the period. Wells Fargo & Company MN owned approximately 1.62% of Enviva Partners worth $7,020,000 at the end of the most recent reporting period.

Enviva Partners, LP is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Company procures wood fiber and processes it into utility-grade wood pellets.

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