EV Energy Partners, L.P. (EVEP) Trading Up 2.9%
EV Energy Partners, L.P. (NASDAQ:EVEP) shares were up 2.9% during trading on Tuesday . The company traded as high as $2.53 and last traded at $2.51, with a volume of 59,959 shares trading hands. The stock had previously closed at $2.44.
Separately, Zacks Investment Research downgraded shares of EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.04.
The firm has a 50-day moving average price of $2.44 and a 200-day moving average price of $2.32. The company’s market capitalization is $121.66 million.
EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. The company earned $42.83 million during the quarter, compared to analyst estimates of $54.48 million. During the same period last year, the business earned $3.25 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that EV Energy Partners, L.P. will post ($1.91) earnings per share for the current 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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