Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) rose 2.8% on Monday . The company traded as high as $2.60 and last traded at $2.57, with a volume of 414,527 shares traded. The stock had previously closed at $2.50.

EVEP has been the subject of a number of recent research reports. Citigroup Inc. downgraded EV Energy Partners, L.P. from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $4.50 to $2.00 in a research report on Monday, March 21st. Zacks Investment Research raised EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Friday, July 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $7.03.

The stock has a market cap of $123.62 million and a P/E ratio of 2.36. The firm has a 50 day moving average of $2.52 and a 200 day moving average of $2.32.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.15. During the same period in the previous year, the firm posted ($1.25) earnings per share. The company earned $38.30 million during the quarter, compared to the consensus estimate of $52.29 million. The company’s revenue was down 18.9% compared to the same quarter last year. Equities analysts predict that EV Energy Partners, L.P. will post ($1.23) EPS for the current year.

An institutional investor recently raised its position in EV Energy Partners, L.P. stock. GSA Capital Partners LLP boosted its position in shares of EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,400 shares of the company’s stock after buying an additional 205,700 shares during the period. GSA Capital Partners LLP owned approximately 0.74% of EV Energy Partners, L.P. worth $1,018,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.