Enviva Inc. (NYSE:EVA – Get Rating) CFO Shai Even purchased 4,300 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was acquired at an average price of $58.85 per share, with a total value of $253,055.00. Following the completion of the purchase, the chief financial officer now directly owns 359,130 shares in the company, valued at $21,134,800.50. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
EVA traded down $1.74 during trading on Thursday, reaching $58.50. The company had a trading volume of 411,247 shares, compared to its average volume of 392,060. The stock has a market cap of $3.89 billion, a P/E ratio of 106.00 and a beta of 0.97. The business has a 50 day simple moving average of $75.30 and a 200-day simple moving average of $74.25. Enviva Inc. has a 52 week low of $51.20 and a 52 week high of $91.06. The company has a quick ratio of 0.48, a current ratio of 0.79 and a debt-to-equity ratio of 2.11.
Enviva (NYSE:EVA – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.08. The company had revenue of $232.98 million during the quarter, compared to the consensus estimate of $257.49 million. Enviva had a negative return on equity of 24.48% and a negative net margin of 14.67%. As a group, equities research analysts expect that Enviva Inc. will post 0.79 EPS for the current fiscal year.
Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Enviva from $76.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 19th. Raymond James downgraded Enviva from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 5th. Truist Financial began coverage on Enviva in a research report on Tuesday, March 29th. They set a “buy” rating and a $100.00 target price for the company. Royal Bank of Canada increased their target price on Enviva from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, March 7th. Finally, StockNews.com began coverage on Enviva in a research report on Thursday, March 31st. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.57.
A number of hedge funds have recently added to or reduced their stakes in EVA. Riverstone Holdings LLC increased its stake in Enviva by 104.6% in the fourth quarter. Riverstone Holdings LLC now owns 27,797,923 shares of the energy company’s stock worth $1,957,530,000 after purchasing an additional 14,211,548 shares during the period. Vanguard Group Inc. purchased a new stake in Enviva in the first quarter worth $194,589,000. GW&K Investment Management LLC purchased a new stake in Enviva in the first quarter worth $43,814,000. Blackstone Inc. purchased a new stake in Enviva in the first quarter worth $37,222,000. Finally, BlackRock Inc. purchased a new stake in Enviva in the first quarter worth $29,740,000.
About Enviva (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Enviva (EVA)
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