Enviva Partners, LP (NYSE:EVA) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Enviva Partners, from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. BidaskClub raised shares of Enviva Partners, from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 target price on shares of Enviva Partners, in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Enviva Partners, currently has a consensus rating of “Buy” and an average target price of $30.50.

Shares of Enviva Partners, (NYSE:EVA) opened at 28.75 on Friday. The stock has a 50 day moving average of $28.88 and a 200-day moving average of $28.88. The stock has a market capitalization of $756.59 million, a P/E ratio of 51.71 and a beta of 1.18. Enviva Partners, has a 1-year low of $24.45 and a 1-year high of $29.85.

Enviva Partners, (NYSE:EVA) last released its earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.22). Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. The company had revenue of $126.90 million during the quarter, compared to analyst estimates of $142.08 million. During the same period in the prior year, the business posted $0.47 earnings per share. Enviva Partners,’s revenue was up 6.0% on a year-over-year basis. Equities research analysts predict that Enviva Partners, will post $1.05 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Enviva Partners, LP (EVA) Raised to “Buy” at Citigroup Inc.” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/22/enviva-partners-lp-eva-raised-to-buy-at-citigroup-inc.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of EVA. Goldman Sachs Group Inc. raised its holdings in Enviva Partners, by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,148,071 shares of the energy company’s stock valued at $32,260,000 after buying an additional 176,082 shares during the period. Ardsley Advisory Partners purchased a new position in Enviva Partners, in the second quarter valued at approximately $3,238,000. Cetera Investment Advisers purchased a new position in Enviva Partners, in the second quarter valued at approximately $989,000. Marshall Wace North America L.P. purchased a new position in Enviva Partners, in the second quarter valued at approximately $790,000. Finally, HITE Hedge Asset Management LLC raised its holdings in Enviva Partners, by 81.6% in the second quarter. HITE Hedge Asset Management LLC now owns 46,583 shares of the energy company’s stock valued at $1,281,000 after buying an additional 20,927 shares during the period.

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 MarketBeat.com's FREE daily email newsletter.