Stocks of Babcock & Wilcox Enterprises Inc (NYSE:BW) traded higher last session on Wall Street, up 31.01% to $1.31.
According to the data, Babcock & Wilcox Enterprises Inc (NYSE:BW) has 4 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. BW stock price is now -62.17% away from the 50-day moving average and -74.93% away from the 200-day moving average. The market capitalization of the company currently stands at $117.07M.
A total of 1 analysts have issued a hold rating and 3 have given it a buy rating.
With the price target reduced from $10 to $2, Craig Hallum Downgraded its rating from Buy to Hold for Babcock & Wilcox Enterprises Inc (NYSE: BW).
In other news, Young Kenneth M, Chief Executive Officer bought 49,803 shares of the company’s stock on Nov 13. The stock was bought for $49,997 at an average price of $1.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 212,516 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13, Director Bartoli Henry E bought 20,000 shares of the business’s stock. A total of $24,000 was incurred on buying the stock at an average price of $1.20. This leaves the insider owning 268,049 shares of the company worth $0.35 million. Insiders disposed of 160,345 shares of company stock worth roughly $0.21 million over the past 1 year. A total of 3.72% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $1.0800 for Babcock & Wilcox Enterprises Inc (NYSE: BW). During the past 12 months, Babcock & Wilcox Enterprises Inc has had a low of $0.96 and a high of $6.83. The fifty day moving average price for BW is $3.4630 and a two-hundred day moving average price translates $5.2245 for the stock.
The latest earnings results from Babcock & Wilcox Enterprises Inc (NYSE: BW) was released for Sep, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$1.35, missing analysts’ expectations of $0.03 by -1.38. This compares to -$0.09 EPS in the same period last year. The net profit margin was -13.65% and return on equity was -657.27% for BW. The company reported revenue of $239.41 million for the quarter, compared to $211.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.11 percent. For the current quarter, analysts expect BW to generate $264.17M in revenue.
Babcock & Wilcox Enterprises Inc(BW) Company Profile
Babcock & Wilcox Enterprises, Inc., together with its subsidiaries, provides energy and emissions control solutions to a range of industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal. The Babcock & Wilcox Renewable segment offers technologies for waste-to-energy, solar construction and installation, and biomass energy systems, as well as black liquor systems for the pulp and paper industry. This segment provides technologies support solutions for diverting waste from landfills to use for power generation and replacing fossil fuels while recovering metals and reducing emissions. The Babcock & Wilcox Environmental segment offers a range of emissions control and environmental technology solutions for utility, waste to energy, biomass, carbon black, and industrial steam generation applications. This segment provides systems for cooling, ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control. The Babcock & Wilcox Thermal segment offers steam generation equipment; aftermarket parts; and construction, maintenance, and field services for plants in the power generation, oil and gas, and industrial sectors. This segment has an installed equipment for utilities and general industrial applications, including refining, petrochemical, food processing, metals, and others. Babcock & Wilcox Enterprises, Inc. was founded in 1867 and is headquartered in Akron, Ohio.