EV Energy Partners, L.P. (EVEP) Sees Large Volume Increase
EV Energy Partners, L.P. (NASDAQ:EVEP) saw an uptick in trading volume on Wednesday . 295,692 shares traded hands during trading, an increase of 24% from the previous session’s volume of 239,136 shares.The stock last traded at $2.40 and had previously closed at $2.38.
Separately, Zacks Investment Research downgraded EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.04.
The firm’s 50 day moving average price is $2.43 and its 200 day moving average price is $2.33. The stock’s market capitalization is $115.28 million.
EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.28. During the same period in the previous year, the business posted $3.25 EPS. The firm earned $42.83 million during the quarter, compared to the consensus estimate of $54.48 million. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts predict that EV Energy Partners, L.P. will post ($1.57) 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 increased its stake in 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. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.