Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) dropped 2.5% during trading on Monday . The company traded as low as $2.29 and last traded at $2.33, with a volume of 213,609 shares. The stock had previously closed at $2.39.

Separately, Zacks Investment Research downgraded EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.04.

The firm’s market cap is $114.78 million. The stock has a 50-day moving average price of $2.43 and a 200 day moving average price of $2.33.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. The business earned $42.83 million during the quarter, compared to the consensus estimate of $54.48 million. During the same period last year, the business earned $3.25 earnings per share. EV Energy Partners, L.P.’s revenue was down 3.8% compared to the same quarter last year. Analysts forecast that EV Energy Partners, L.P. will post ($1.57) EPS for the current fiscal year.

An institutional investor recently raised its position in EV Energy Partners, L.P. stock. GSA Capital Partners LLP boosted its position in EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent 13F filing with the 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 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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