EV Energy Partners, L.P. (NASDAQ:EVEP) fell 3.2% on Monday . The stock traded as low as $2.43 and last traded at $2.43, with a volume of 202,453 shares traded. The stock had previously closed at $2.51.

Separately, Zacks Investment Research cut EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.04.

The firm’s market capitalization is $119.69 million. The stock’s 50-day moving average is $2.44 and its 200 day moving average is $2.32.

EV Energy Partners, L.P. (NASDAQ:EVEP) last posted its earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.28. The firm had revenue of $42.83 million for the quarter, compared to analyst estimates of $54.48 million. During the same quarter in the prior year, the firm posted $3.25 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts forecast that EV Energy Partners, L.P. will post ($1.91) EPS for the current fiscal year.

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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