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

Stock analysts at StockNews.com began coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a note issued to investors on Friday. The firm set a “sell” rating on the technology company’s stock.

A number of other research analysts also recently commented on the company. Lake Street Capital lowered their target price 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. DA Davidson lowered Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th.

Babcock & Wilcox Enterprises Trading Down 2.7 %

NYSE BW opened at $0.33 on Friday. Babcock & Wilcox Enterprises has a 52 week low of $0.24 and a 52 week high of $2.99. The company’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $1.54. The stock has a market cap of $32.67 million, a P/E ratio of -0.40 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 the consensus estimate of ($0.05) by ($0.42). The business had revenue of $200.80 million during the quarter, compared to analysts’ expectations of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Babcock & Wilcox Enterprises in the fourth quarter valued at about $27,000. Boothbay Fund Management LLC bought a new position in Babcock & Wilcox Enterprises in the fourth quarter valued at about $38,000. Two Sigma Advisers LP boosted its position in 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 buying an additional 13,800 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Babcock & Wilcox Enterprises in the 4th quarter valued at about $46,000. Finally, Thompson Davis & CO. Inc. raised its holdings in 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 purchasing an additional 10,000 shares during the last quarter. Institutional investors 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.