Price Action Report: Is Buying Stock Like Enviva Partners LP After Such Increase Winning Strategy?

Price Action Report: Is Buying Stock Like Enviva Partners LP After Such Increase Winning Strategy?

The stock of Enviva Partners LP (NYSE:EVA) is a huge mover today! About 102,674 shares traded hands or 6.42% up from the average. Enviva Partners LP (NYSE:EVA) has risen 28.33% since April 5, 2016 and is uptrending. It has outperformed by 26.37% the S&P500.
The move comes after 7 months positive chart setup for the $729.31M company. It was reported on Nov, 7 by Barchart.com. We have $46.33 PT which if reached, will make NYSE:EVA worth $452.17 million more.

Enviva Partners LP (NYSE:EVA) Ratings Coverage

Out of 5 analysts covering Enviva Partners (NYSE:EVA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Enviva Partners has been the topic of 5 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, February 19 by RBC Capital Markets. As per Wednesday, June 8, the company rating was initiated by Drexel Hamilton. Goldman Sachs initiated the shares of EVA in a report on Thursday, September 22 with “Neutral” rating. On Friday, August 26 the stock rating was initiated by Citigroup with “Neutral”.

According to Zacks Investment Research, “Enviva Partners, LP is a master limited partnership which owns and operates wood pellet production plants. It serves primarily in the United States and Europe. Enviva Partners, LP is based in Bethesa, United States.”

More notable recent Enviva Partners LP (NYSE:EVA) news were published by: Businesswire.com which released: “Enviva Partners, LP Announces Fifth Consecutive Distribution Increase” on November 02, 2016, also Businesswire.com with their article: “Enviva Partners, LP Receives Offer to Acquire Sampson Production Plant” published on October 17, 2016, Businesswire.com published: “Enviva Partners, LP Completes Southampton Drop-down and Issues New Guidance” on December 14, 2015. More interesting news about Enviva Partners LP (NYSE:EVA) were released by: Fool.com and their article: “Why Enviva Partners LP Was Up 16% in August” published on September 06, 2016 as well as Businesswire.com‘s news article titled: “Enviva Partners, LP Signs Long-Term Off-take Contract” with publication date: June 02, 2016.

EVA Company Profile

Enviva Partners, LP, incorporated on November 12, 2013, is a producer of wood pellets. The Company, through its interests in Enviva, LP and Enviva GP, LLC, supplies utility-grade wood pellets to power generators under long-term, take-or-pay off-take contracts. The Firm procures wood fiber and processes it into utility-grade wood pellets. The Firm loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and ultimately loaded onto oceangoing vessels for transport to its Northern European customers.

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