EV Energy Partners, L.P. (EVEP) Sees Strong Trading Volume
EV Energy Partners, L.P. (NASDAQ:EVEP) saw unusually-high trading volume on Wednesday . Approximately 295,692 shares were traded 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 raised EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Friday, July 8th. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. EV Energy Partners, L.P. presently has a consensus rating of “Hold” and an average price target of $5.04.
The firm has a 50-day moving average price of $2.43 and a 200-day moving average price of $2.33. The firm’s market capitalization is $124.60 million.
EV Energy Partners, L.P. (NASDAQ:EVEP) last posted its earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.28. The firm had revenue of $42.83 million for the quarter, compared to the consensus estimate of $54.48 million. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.25 EPS. On average, equities analysts predict that EV Energy Partners, L.P. will post ($1.57) 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 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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