Today’s Stock Alert: After Today’s Big Decline, Is Enviva Partners LP’s Near-Term Analysis Negative?

Today's Stock Alert: After Today's Big Decline, Is Enviva Partners LP's Near Term Analysis Negative?

The stock of Enviva Partners LP (NYSE:EVA) is a huge mover today! The stock decreased 3.16% or $0.88 on September 30, hitting $26.99. About 125,208 shares traded hands. Enviva Partners LP (NYSE:EVA) has risen 39.20% since February 29, 2016 and is uptrending. It has outperformed by 28.77% the S&P500.
The move comes after 5 months negative chart setup for the $671.51M company. It was reported on Oct, 1 by We have $25.10 PT which if reached, will make NYSE:EVA worth $47.01M less.

Analysts await Enviva Partners LP (NYSE:EVA) to report earnings on November, 3. They expect $0.44 EPS, up 62.96% or $0.17 from last year’s $0.27 per share. EVA’s profit will be $10.95M for 15.34 P/E if the $0.44 EPS becomes a reality. After $0.47 actual EPS reported by Enviva Partners LP for the previous quarter, Wall Street now forecasts -6.38% negative EPS growth.

Enviva Partners LP (NYSE:EVA) Ratings Coverage

Out of 5 analysts covering Enviva Partners (NYSE:EVA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Enviva Partners has been the topic of 5 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The stock of Enviva Partners LP (NYSE:EVA) earned “Buy” rating by Drexel Hamilton on Wednesday, June 8. RBC Capital Markets maintained Enviva Partners LP (NYSE:EVA) on Friday, February 19 with “Outperform” rating. As per Thursday, September 22, the company rating was initiated by Goldman Sachs. Citigroup initiated Enviva Partners LP (NYSE:EVA) on Friday, August 26 with “Neutral” rating.

According to Zacks Investment Research, “Enviva Partners, LP is a master limited partnership which owns and operates wood pellet production plants. It serves primarily in the United States and Europe. Enviva Partners, LP is based in Bethesa, United States.”

More notable recent Enviva Partners LP (NYSE:EVA) news were published by: which released: “Why Enviva Partners LP Was Up 16% in August” on September 06, 2016, also with their article: “Enviva Partners, LP Signs Long-Term Off-take Contract” published on June 02, 2016, published: “Enviva Partners, LP to Present at the 2016 J.P. Morgan Energy Equity Conference” on June 22, 2016. More interesting news about Enviva Partners LP (NYSE:EVA) were released by: and their article: “Enviva Partners, LP Completes Southampton Drop-down and Issues New Guidance” published on December 14, 2015 as well as‘s news article titled: “Enviva Partners, LP Reports Results Exceeding Guidance” with publication date: February 17, 2016.

EVA Company Profile

Enviva Partners, LP, incorporated on November 12, 2013, 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 Firm procures wood fiber and processes it into utility-grade wood pellets. The Firm loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and ultimately loaded onto oceangoing vessels for transport to its Northern European customers.

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