Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) rose 8.4% during trading on Tuesday . The company traded as high as $2.63 and last traded at $2.59, with a volume of 242,671 shares trading hands. The stock had previously closed at $2.39.

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

The stock has a market cap of $128.52 million and a price-to-earnings ratio of 2.46. The stock has a 50 day moving average of $2.52 and a 200-day moving average of $2.32.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.15. The firm had revenue of $38.30 million for the quarter, compared to analysts’ expectations of $52.29 million. During the same period in the previous year, the company earned ($1.25) EPS. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, equities analysts anticipate that EV Energy Partners, L.P. will post ($1.23) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. GSA Capital Partners LLP raised its stake in shares of EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,400 shares of the company’s stock after buying an additional 205,700 shares during the period. GSA Capital Partners LLP owned about 0.74% of EV Energy Partners, L.P. worth $1,018,000 at the end of the most recent reporting period.

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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