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

Research analysts at StockNews.com began coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a research report issued on Friday. The brokerage set a “sell” rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. 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 dropped their price target on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st.

Babcock & Wilcox Enterprises Price Performance

Shares of BW stock opened at $0.33 on Friday. The company has a 50-day moving average of $0.84 and a two-hundred day moving average of $1.55. The firm has a market cap of $32.67 million, a PE ratio of -0.40 and a beta of 1.46. Babcock & Wilcox Enterprises has a 1-year low of $0.24 and a 1-year high of $2.99.

Babcock & Wilcox Enterprises (NYSE:BW) last released its quarterly earnings results 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 business had revenue of $200.80 million during the quarter, compared to the consensus estimate of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in Babcock & Wilcox Enterprises by 31,891.1% during the third quarter. Barclays PLC now owns 32,311 shares of the technology company’s stock worth $66,000 after purchasing an additional 32,210 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Babcock & Wilcox Enterprises by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 614,043 shares of the technology company’s stock valued at $1,253,000 after buying an additional 12,159 shares during the last quarter. Equitec Proprietary Markets LLC raised its stake in Babcock & Wilcox Enterprises by 1,449.3% during the 4th quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company’s stock worth $418,000 after acquiring an additional 238,635 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in 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 acquiring an additional 10,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Babcock & Wilcox Enterprises during the fourth quarter worth about $84,000. 83.17% of the stock is currently 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.