EV Energy Partners, L.P. (NASDAQ:EVEP) Receives Average Recommendation of “Hold” from Analysts
EV Energy Partners, L.P. (NASDAQ:EVEP) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.13.
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 objective for the company in a report on Friday, July 8th.
An institutional investor recently raised its position in EV Energy Partners, L.P. stock. KCG Holdings Inc. raised its stake in shares of EV Energy Partners, L.P. (NASDAQ:EVEP) by 82.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,793 shares of the company’s stock after buying an additional 54,582 shares during the period. KCG Holdings Inc. owned about 0.25% of EV Energy Partners, L.P. worth $277,000 as of its most recent filing with the SEC.
EV Energy Partners, L.P. (NASDAQ:EVEP) traded down 2.2400% on Friday, reaching $2.1996. 121,028 shares of the company traded hands. The company’s market capitalization is $107.90 million. The company has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.38. EV Energy Partners, L.P. has a 12 month low of $1.60 and a 12 month high of $7.99.
EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.28. The business had revenue of $42.83 million for the quarter, compared to the consensus estimate of $54.48 million. EV Energy Partners, L.P.’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.25 earnings per share. Equities research analysts expect that EV Energy Partners, L.P. will post ($1.91) EPS for the current year.
EV Energy Partners, L.P. Company Profile
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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