Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) saw unusually-strong trading volume on Wednesday . Approximately 225,491 shares were traded during trading, a decline of 17% from the previous session’s volume of 271,479 shares.The stock last traded at $2.55 and had previously closed at $2.57.

A number of equities analysts recently commented on EVEP shares. Citigroup Inc. cut EV Energy Partners, L.P. from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $4.50 to $2.00 in a report on Monday, March 21st. Zacks Investment Research upgraded EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a report on Friday, July 8th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.03.

The firm’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.32. The firm has a market capitalization of $128.52 million and a P/E ratio of 2.46.

EV Energy Partners, L.P. (NASDAQ:EVEP) last posted its earnings results on Tuesday, May 10th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.15. During the same quarter in the previous year, the company earned ($1.25) EPS. The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $52.29 million. EV Energy Partners, L.P.’s revenue was down 18.9% compared to the same quarter last year. Analysts predict that EV Energy Partners, L.P. will post ($1.23) EPS for the current year.

A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. GSA Capital Partners LLP raised its position in EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,400 shares of the company’s stock after buying an additional 205,700 shares during the period. GSA Capital Partners LLP owned approximately 0.74% of EV Energy Partners, L.P. worth $1,018,000 as of its most recent filing with the SEC.

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in the Barnett Shale; the Appalachian Basin, which includes the Utica Shale; the San Juan Basin; Michigan; Central Texas, which includes the Austin Chalk area; the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana; the Monroe Field in Northern Louisiana, and the Permian Basin.

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