Babcock & Wilcox Enterprises (NYSE:BW) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Babcock & Wilcox Enterprises (NYSE:BW) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the technology company’s stock.

A number of other research analysts also recently weighed in on BW. DA Davidson downgraded 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 target on shares of Babcock & Wilcox Enterprises from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st.

Babcock & Wilcox Enterprises Stock Down 4.2 %

BW opened at $0.30 on Thursday. The stock has a market capitalization of $29.23 million, a price-to-earnings ratio of -0.36 and a beta of 1.46. The firm has a 50 day moving average price of $0.92 and a 200-day moving average price of $1.59. Babcock & Wilcox Enterprises has a twelve month low of $0.24 and a twelve month high of $2.99.

Babcock & Wilcox Enterprises (NYSE:BW) last announced 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 analyst estimates of $213.07 million.

Institutional Trading of Babcock & Wilcox Enterprises

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in shares of Babcock & Wilcox Enterprises by 2.0% during 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 in the last quarter. Equitec Proprietary Markets LLC boosted its position in shares of Babcock & Wilcox Enterprises by 1,449.3% in the fourth quarter. Equitec Proprietary Markets LLC now owns 255,100 shares of the technology company’s stock worth $418,000 after purchasing an additional 238,635 shares during the period. Barclays PLC increased its stake in shares of Babcock & Wilcox Enterprises by 31,891.1% in 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 in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in shares of Babcock & Wilcox Enterprises during the 4th quarter valued at $84,000. Finally, Walleye Capital LLC purchased a new position in shares of Babcock & Wilcox Enterprises during the 3rd quarter valued at $117,000. 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.