Babcock & Wilcox Enterprises (NYSE:BW) Earns Sell Rating from Analysts at StockNews.com

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

Other equities research analysts have also issued reports about the company. DA Davidson lowered Babcock & Wilcox Enterprises from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Lake Street Capital reduced their price objective 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 Stock Up 1.1 %

Shares of BW opened at $0.47 on Friday. The firm has a market cap of $45.83 million, a price-to-earnings ratio of -0.56 and a beta of 1.76. The company’s fifty day moving average is $0.64 and its 200-day moving average is $1.39. Babcock & Wilcox Enterprises has a 12 month low of $0.22 and a 12 month high of $2.99.

Babcock & Wilcox Enterprises (NYSE:BW) last posted its 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 analysts’ expectations of $213.07 million.

Hedge Funds Weigh In On Babcock & Wilcox Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of BW. BNP Paribas Financial Markets acquired a new stake in Babcock & Wilcox Enterprises during the fourth quarter worth $27,000. Boothbay Fund Management LLC bought a new position in shares of Babcock & Wilcox Enterprises during the 4th quarter worth about $38,000. Two Sigma Advisers LP boosted its position 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 valued at $44,000 after acquiring an additional 13,800 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at about $46,000. Finally, Thompson Davis & CO. Inc. increased 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 during the period. Institutional investors 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.