EV Energy Partners, L.P. (NASDAQ:EVEP) posted its quarterly earnings data on Wednesday. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by $0.10. The firm had revenue of $51.37 million for the quarter, compared to analysts’ expectations of $63.28 million. During the same quarter in the prior year, the business posted ($0.20) EPS. The firm’s quarterly revenue was up 34.1% on a year-over-year basis.

Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) opened at 1.63 on Friday. EV Energy Partners, L.P. has a 12 month low of $1.51 and a 12 month high of $3.99.

Earnings History for EV Energy Partners, L.P. (NASDAQ:EVEP)

Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of EV Energy Partners, L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 2nd. Stifel Nicolaus downgraded shares of EV Energy Partners, L.P. from a “buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $2.00 in a report on Monday, October 31st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.05.

Several institutional investors have recently made changes to their positions in EVEP. Morgan Stanley boosted its position in shares of EV Energy Partners, L.P. by 2.3% in the third quarter. Morgan Stanley now owns 230,370 shares of the company’s stock valued at $553,000 after buying an additional 5,177 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of EV Energy Partners, L.P. by 82.4% in the second quarter. KCG Holdings Inc. now owns 120,793 shares of the company’s stock valued at $277,000 after buying an additional 54,582 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of EV Energy Partners, L.P. during the third quarter valued at about $250,000. Finally, Arrow Investment Advisors LLC boosted its position in shares of EV Energy Partners, L.P. by 46.7% in the second quarter. Arrow Investment Advisors LLC now owns 356,156 shares of the company’s stock valued at $816,000 after buying an additional 113,329 shares during the last quarter.

EV Energy Partners, L.P. Company Profile

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.

5 Day Chart for NASDAQ:EVEP

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