EV Energy Partners, L.P. (EVEP) Shares Up 2.9%
EV Energy Partners, L.P. (NASDAQ:EVEP) shot up 2.9% on Tuesday . The company traded as high as $2.50 and last traded at $2.46, with a volume of 76,224 shares changing hands. The stock had previously closed at $2.39.
Separately, Zacks Investment Research raised EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Friday, July 8th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.04.
The firm has a 50-day moving average price of $2.45 and a 200-day moving average price of $2.34. The stock’s market cap is $120.18 million.
EV Energy Partners, L.P. (NASDAQ:EVEP) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. The firm earned $42.83 million during the quarter, compared to analysts’ expectations of $54.48 million. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $3.25 EPS. Analysts expect that EV Energy Partners, L.P. will post ($1.91) earnings per share 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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