Babcock & Wilcox Enterprises (NYSE:BW) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

BW has been the subject of a number of other reports. DA Davidson cut shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 7th. Lake Street Capital reduced their price target on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st.

Babcock & Wilcox Enterprises Price Performance

Shares of Babcock & Wilcox Enterprises stock opened at $0.81 on Tuesday. Babcock & Wilcox Enterprises has a 1 year low of $0.22 and a 1 year high of $2.99. The company has a market capitalization of $79.92 million, a P/E ratio of -0.98 and a beta of 1.76. The business has a 50 day moving average price of $0.55 and a 200 day moving average price of $1.24.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings data on Monday, March 31st. The technology company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The firm had revenue of $200.80 million during the quarter, compared to analyst estimates of $213.07 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BW. BNP Paribas Financial Markets acquired a new position in Babcock & Wilcox Enterprises in the 4th quarter worth about $27,000. Boothbay Fund Management LLC bought a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter worth about $38,000. Two Sigma Advisers LP boosted its stake in shares of Babcock & Wilcox Enterprises by 106.7% during the 4th quarter. Two Sigma Advisers LP now owns 26,734 shares of the technology company’s stock worth $44,000 after acquiring an additional 13,800 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter worth about $46,000. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Babcock & Wilcox Enterprises by 50.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 30,000 shares of the technology company’s stock worth $49,000 after acquiring an additional 10,000 shares in the last quarter. 83.17% of the stock is owned by institutional investors and hedge funds.

Babcock & Wilcox Enterprises Company Profile

Babcock & Wilcox Enterprises, Inc engages in the provision of fossil and renewable power generation and environmental equipment. It operates through the following segments: B&W Renewable, B&W Environmental, and B&W Thermal. The B&W Renewable segment supports a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.