EV Energy Partners, L.P. (NASDAQ:EVEP)’s share price dropped 2.5% on Monday . The stock traded as low as $2.29 and last traded at $2.33, with a volume of 213,609 shares trading hands. The stock had previously closed at $2.39.

Separately, Zacks Investment Research raised 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 research note on Friday, July 8th. Four investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $5.04.

The company has a market cap of $116.75 million and a PE ratio of 2.23. The company’s 50 day moving average price is $2.43 and its 200 day moving average price is $2.33.

EV Energy Partners, L.P. (NASDAQ:EVEP) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.28. During the same period in the previous year, the company posted $3.25 EPS. The firm earned $42.83 million during the quarter, compared to analyst estimates of $54.48 million. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities analysts forecast that EV Energy Partners, L.P. will post ($1.22) earnings per share for the current year.

An institutional investor recently raised its position 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 Securities and Exchange Commission. 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 about 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.

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