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

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 target on the stock in a research note on Friday, July 8th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.04.

The company’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.33. The firm’s market cap is $115.28 million.

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 for the quarter, missing the consensus estimate of ($0.30) by $0.28. During the same quarter last year, the firm posted $3.25 earnings per share. The firm had revenue of $42.83 million for the quarter, compared to analysts’ expectations of $54.48 million. The company’s revenue was down 3.8% on a year-over-year basis. On average, analysts expect 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 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 13F filing with the 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 about 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.

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