Babcock & Wilcox Enterprises (NYSE:BW) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a report issued on Friday morning. The firm issued a sell rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. DA Davidson downgraded shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th. Lake Street Capital cut their price target on Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st.

Babcock & Wilcox Enterprises Price Performance

Shares of Babcock & Wilcox Enterprises stock opened at $0.33 on Friday. The business has a 50-day moving average of $0.82 and a 200 day moving average of $1.53. Babcock & Wilcox Enterprises has a 12 month low of $0.24 and a 12 month high of $2.99. The stock has a market capitalization of $32.67 million, a price-to-earnings ratio of -0.40 and a beta of 1.46.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its quarterly earnings results on Monday, March 31st. The technology company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The business had revenue of $200.80 million for the quarter, compared to the consensus estimate of $213.07 million.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

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

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.