Babcock & Wilcox Enterprises (NYSE:BW) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on BW. DA Davidson cut shares of Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Lake Street Capital dropped their price target on 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 Trading Down 4.2 %

BW stock opened at $0.30 on Thursday. The stock’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $1.59. Babcock & Wilcox Enterprises has a 12-month low of $0.24 and a 12-month high of $2.99. The firm has a market cap of $29.23 million, a P/E ratio of -0.36 and a beta of 1.46.

Babcock & Wilcox Enterprises (NYSE:BW) last issued its earnings results on Monday, March 31st. The technology company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates 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.

Institutional Investors Weigh In On Babcock & Wilcox Enterprises

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter worth $27,000. Boothbay Fund Management LLC bought a new position in Babcock & Wilcox Enterprises in the 4th quarter valued at about $38,000. Two Sigma Advisers LP grew 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 buying an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Babcock & Wilcox Enterprises during the 4th quarter valued at about $46,000. Finally, Thompson Davis & CO. Inc. raised its position 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 buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 83.17% of the company’s stock.

About Babcock & Wilcox Enterprises

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.