EV Energy Partners, L.P. (EVEP) Sees Strong Trading Volume
Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) saw strong trading volume on Wednesday . 255,875 shares were traded during trading, a decline of 6% from the previous session’s volume of 272,323 shares.The stock last traded at $2.51 and had previously closed at $2.46.
Separately, Zacks Investment Research upgraded 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 report on Friday, July 8th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $7.03.
The firm has a 50-day moving average of $2.51 and a 200-day moving average of $2.32. The firm has a market capitalization of $122.64 million and a PE ratio of 2.34.
EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.15. During the same period in the prior year, the firm earned ($1.25) EPS. The business earned $38.30 million during the quarter, compared to analyst estimates of $52.29 million. The business’s revenue was down 18.9% on a year-over-year basis. On average, equities analysts expect that EV Energy Partners, L.P. will post ($1.23) EPS for the current fiscal year.
A hedge fund recently bought a new stake in EV Energy Partners, L.P. stock. Penserra Capital Management LLC bought a new stake in EV Energy Partners, L.P. (NASDAQ:EVEP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 780,628 shares of the company’s stock, valued at approximately $2,194,000. Penserra Capital Management LLC owned approximately 1.60% of EV Energy Partners, L.P. as of its most recent filing with the SEC.
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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