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 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. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.04.

The firm has a 50 day moving average of $2.44 and a 200-day moving average of $2.34. The company’s market capitalization is $117.73 million.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.30) by $0.28. During the same quarter in the previous year, the firm earned $3.25 earnings per share. The company had revenue of $42.83 million for the quarter, compared to analysts’ expectations of $54.48 million. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts forecast that EV Energy Partners, L.P. will post ($1.91) earnings per share 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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