Shares of Babcock & Wilcox Enterprises Inc. (NYSE:BW) fell 3.4% on Wednesday . The company traded as low as $16.19 and last traded at $16.30, with a volume of 140,846 shares trading hands. The stock had previously closed at $16.88.

A number of brokerages recently weighed in on BW. Zacks Investment Research upgraded shares of Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. KeyCorp reiterated an “outperform” rating and issued a $22.00 price target on shares of Babcock & Wilcox Enterprises in a research report on Wednesday, August 24th.

The firm’s 50 day moving average price is $15.92 and its 200 day moving average price is $19.40. The stock’s market cap is $817.21 million.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.05. During the same quarter in the prior year, the firm earned $0.27 EPS. The company earned $383.20 million during the quarter, compared to the consensus estimate of $432.54 million. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts predict that Babcock & Wilcox Enterprises Inc. will post $0.73 earnings per share for the current fiscal year.

In other Babcock & Wilcox Enterprises news, Director Thomas A. Christopher bought 2,466 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were purchased at an average price of $16.20 per share, for a total transaction of $39,949.20. Following the completion of the transaction, the director now directly owns 4,426 shares in the company, valued at approximately $71,701.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jenny L. Apker bought 12,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was acquired at an average price of $16.58 per share, for a total transaction of $198,960.00. Following the transaction, the insider now owns 25,227 shares of the company’s stock, valued at $418,263.66. The disclosure for this purchase can be found here.

Babcock & Wilcox Enterprises, Inc is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems, and services for power and industrial uses. The Company operates in three segments: Global Power, Global Services and Industrial Environmental.

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