EV Energy Partners, L.P. (NASDAQ:EVEP) Receives Consensus Rating of “Hold” from Brokerages
EV Energy Partners, L.P. (NASDAQ:EVEP) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company. Three analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.13.
Separately, Zacks Investment Research cut EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a report on Friday, August 12th.
A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. KCG Holdings Inc. boosted its stake in EV Energy Partners, L.P. (NASDAQ:EVEP) by 82.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,793 shares of the company’s stock after buying an additional 54,582 shares during the period. KCG Holdings Inc. owned approximately 0.25% of EV Energy Partners, L.P. worth $277,000 as of its most recent filing with the SEC.
EV Energy Partners, L.P. (NASDAQ:EVEP) opened at 2.13 on Friday. The stock’s market cap is $104.49 million. EV Energy Partners, L.P. has a 12 month low of $1.60 and a 12 month high of $7.99. The company’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.37.
EV Energy Partners, L.P. (NASDAQ:EVEP) last issued its earnings results on Tuesday, August 9th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.28. The company earned $42.83 million during the quarter, compared to the consensus estimate of $54.48 million. EV Energy Partners, L.P.’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.25 EPS. Equities analysts forecast that EV Energy Partners, L.P. will post ($1.91) EPS for the current fiscal year.
About EV Energy Partners, L.P.
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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