EV Energy Partners, L.P. (EVEP) Trading 2.9% Higher
EV Energy Partners, L.P. (NASDAQ:EVEP)’s share price traded up 2.9% during mid-day trading on Tuesday . The stock traded as high as $2.50 and last traded at $2.46, with a volume of 76,224 shares traded. The stock had previously closed at $2.39.
Separately, Zacks Investment Research upgraded 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 report on Friday, July 8th. Three analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.04.
The stock’s market cap is $115.77 million. The company’s 50 day moving average is $2.44 and its 200-day moving average is $2.34.
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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. During the same period last year, the business earned $3.25 EPS. The firm earned $42.83 million during the quarter, compared to the consensus estimate of $54.48 million. EV Energy Partners, L.P.’s revenue was down 3.8% compared to the same quarter last year. On average, equities 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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