Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) were up 2.8% on Monday . The company traded as high as $2.60 and last traded at $2.57, with a volume of 414,527 shares traded. The stock had previously closed at $2.50.

Separately, Zacks Investment Research raised shares of EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Friday, July 8th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.03.

The company has a 50-day moving average price of $2.52 and a 200 day moving average price of $2.31. The company has a market cap of $120.68 million and a price-to-earnings ratio of 2.31.

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

An institutional investor recently raised its position in EV Energy Partners, L.P. stock. GSA Capital Partners LLP increased its stake 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 institutional investor 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 at the end of the most recent quarter.

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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