Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) traded up 1.7% on Tuesday . The company traded as high as $2.44 and last traded at $2.42, with a volume of 109,493 shares trading hands. The stock had previously closed at $2.38.

Separately, Zacks Investment Research lowered shares of EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.04.

The company has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.33. The company has a market capitalization of $116.75 million and a PE ratio of 2.23.

EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. The company had revenue of $42.83 million for the quarter, compared to the consensus estimate of $54.48 million. During the same period in the previous year, the business posted $3.25 earnings per share. EV Energy Partners, L.P.’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts anticipate that EV Energy Partners, L.P. will post ($1.22) EPS for the current fiscal year.

A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. GSA Capital Partners LLP boosted its stake in shares of EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent disclosure 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 approximately 0.74% of EV Energy Partners, L.P. worth $1,018,000 as of its most recent SEC filing.

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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