EV Energy Partners, L.P. (NASDAQ:EVEP) shares saw an uptick in trading volume on Monday . 366,618 shares traded hands during mid-day trading, an increase of 42% from the previous session’s volume of 258,509 shares.The stock last traded at $2.57 and had previously closed at $2.52.

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 target price on the stock in a research note on Friday, July 8th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. EV Energy Partners, L.P. presently has an average rating of “Hold” and an average target price of $7.03.

The company has a market cap of $127.54 million and a price-to-earnings ratio of 2.44. The company has a 50-day moving average of $2.45 and a 200-day moving average of $2.33.

EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by $0.15. The firm earned $38.30 million during the quarter, compared to analyst estimates of $52.29 million. EV Energy Partners, L.P.’s revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the business earned ($1.25) EPS. Equities research analysts expect that EV Energy Partners, L.P. will post ($1.22) earnings per share for the current year.

A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. GSA Capital Partners LLP raised its stake in EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

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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