Babcock & Wilcox Enterprises, Inc. (NYSE:BW – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,200,000 shares, an increase of 22.2% from the September 15th total of 1,800,000 shares. Based on an average trading volume of 1,290,000 shares, the days-to-cover ratio is currently 1.7 days.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on BW. Craig Hallum upped their target price on Babcock & Wilcox Enterprises from $1.50 to $2.00 and gave the company a “hold” rating in a report on Monday, July 8th. StockNews.com upgraded Babcock & Wilcox Enterprises from a “sell” rating to a “hold” rating in a report on Thursday, August 15th.
Hedge Funds Weigh In On Babcock & Wilcox Enterprises
Babcock & Wilcox Enterprises Trading Up 14.3 %
Babcock & Wilcox Enterprises stock opened at $2.93 on Wednesday. The firm has a market cap of $266.21 million, a price-to-earnings ratio of -1.21 and a beta of 1.74. The stock has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.39. Babcock & Wilcox Enterprises has a 12 month low of $0.75 and a 12 month high of $3.12.
Babcock & Wilcox Enterprises (NYSE:BW – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.19). The firm had revenue of $233.60 million during the quarter, compared to analysts’ expectations of $262.20 million. On average, equities research analysts forecast that Babcock & Wilcox Enterprises will post -0.03 EPS for the current fiscal year.
Babcock & Wilcox Enterprises Company Profile
Babcock & Wilcox Enterprises, Inc, together with its subsidiaries, provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers worldwide. The company operates through three segments: Babcock & Wilcox Renewable; Babcock & Wilcox Environmental; and Babcock & Wilcox Thermal.
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