EV Energy Partners, L.P. (NASDAQ:EVEP) shares were down 4% during mid-day trading on Monday . The stock traded as low as $2.41 and last traded at $2.41, with a volume of 123,555 shares traded. The stock had previously closed at $2.51.

Separately, Zacks Investment Research raised 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 report on Friday, July 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. EV Energy Partners, L.P. currently has an average rating of “Hold” and an average target price of $7.03.

The stock has a market capitalization of $118.22 million and a price-to-earnings ratio of 2.26. The company’s 50 day moving average price is $2.50 and its 200-day moving average price is $2.31.

EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings data 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. During the same period in the prior year, the company posted ($1.25) EPS. The business had revenue of $38.30 million for the quarter, compared to analyst estimates of $52.29 million. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, equities analysts expect that EV Energy Partners, L.P. will post ($1.23) earnings per share for the current year.

An institutional investor recently raised its position in EV Energy Partners, L.P. stock. GSA Capital Partners LLP boosted its position 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 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 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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