EV Energy Partners, L.P. (NASDAQ:EVEP)’s share price dropped 3.3% during trading on Wednesday . The company traded as low as $2.32 and last traded at $2.37, with a volume of 181,605 shares trading hands. The stock had previously closed at $2.45.

Separately, Zacks Investment Research upgraded EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Friday, July 8th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.04.

The firm’s market cap is $115.77 million. The firm’s 50 day moving average price is $2.45 and its 200-day moving average price is $2.34.

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