EV Energy (EVEP) Announces Quarterly Earnings Results, Misses Estimates By $0.66 EPS
EV Energy (NASDAQ: EVEP) issued its quarterly earnings data on Friday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.66. The company had revenue of $75.50 million for the quarter, compared to the consensus estimate of $83.93 million.
Several analysts have also recently commented on the stock. Analysts at Bank of America initiated coverage on shares of EV Energy in a research note to investors on Thursday, February 21st. They set a “neutral” rating and a $62.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase initiated coverage on shares of EV Energy in a research note to investors on Wednesday, February 20th. They set an “overweight” rating and a $69.00 price target on the stock. Finally, analysts at Citigroup cut their price target on shares of EV Energy to $68.00 in a research note to investors on Wednesday, January 16th.
Four research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and four have given a hold rating to the company’s stock. The company has an average rating of “overweight” and an average target price of $72.50.
EV Energy (EVEP) opened at 56.01 on Friday. EV Energy (EVEP) has a 52-week low of $43.56 and a 52-week high of $73.75. The stock’s 50-day moving average is currently $57.21. The company has a market cap of $2.370 billion and a price-to-earnings ratio of 727.40.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.
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