EV Energy Partners, L.P. (NASDAQ:EVEP) was up 11.8% during trading on Thursday . The stock traded as high as $0.58 and last traded at $0.57. Approximately 539,226 shares were traded during mid-day trading, an increase of 163% from the average daily volume of 204,720 shares. The stock had previously closed at $0.51.

A number of equities research analysts have issued reports on EVEP shares. Zacks Investment Research upgraded EV Energy Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus downgraded EV Energy Partners, L.P. from a “hold” rating to a “sell” rating and cut their price target for the company from $1.25 to $0.50 in a research note on Thursday, June 8th.

The stock’s 50 day moving average price is $0.48 and its 200-day moving average price is $0.98. The stock’s market capitalization is $26.17 million.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. The business had revenue of $56.05 million for the quarter, compared to analyst estimates of $52.09 million. EV Energy Partners, L.P. had a negative return on equity of 7.43% and a negative net margin of 120.31%. The company’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.58) earnings per share. Analysts anticipate that EV Energy Partners, L.P. will post ($1.97) earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of EV Energy Partners, L.P. by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 145,084 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 4,018 shares during the period. Arrow Investment Advisors LLC increased its holdings in shares of EV Energy Partners, L.P. by 11.1% in the first quarter. Arrow Investment Advisors LLC now owns 424,788 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 42,434 shares during the period. Finally, Morgan Stanley increased its holdings in shares of EV Energy Partners, L.P. by 422.8% in the first quarter. Morgan Stanley now owns 1,429,391 shares of the oil and gas company’s stock valued at $2,115,000 after purchasing an additional 1,155,996 shares during the period. 8.59% of the stock is currently owned by institutional investors and hedge funds.

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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 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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