EV Energy Partners, L.P. (EVEP) Trading Up 2.9%
EV Energy Partners, L.P. (NASDAQ:EVEP) was up 2.9% on Tuesday . The stock traded as high as $2.53 and last traded at $2.51, with a volume of 59,959 shares trading hands. The stock had previously closed at $2.44.
Separately, Zacks Investment Research downgraded shares of EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.04.
The company’s market capitalization is $120.18 million. The company has a 50 day moving average of $2.44 and a 200-day moving average of $2.33.
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 analysts’ consensus estimates of ($0.30) by $0.28. During the same quarter last year, the business earned $3.25 earnings per share. The firm had revenue of $42.83 million for the quarter, compared to analyst estimates of $54.48 million. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts predict that EV Energy Partners, L.P. will post ($1.91) EPS for the current fiscal year.
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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