The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) is a huge mover today! About 263,852 shares traded hands or 40.83% up from the average. EV Energy Partners, L.P. (NASDAQ:EVEP) has risen 9.76% since March 15, 2016 and is uptrending. It has outperformed by 4.27% the S&P500.
The move comes after 5 months positive chart setup for the $113.53M company. It was reported on Oct, 18 by Barchart.com. We have $6.52 PT which if reached, will make NASDAQ:EVEP worth $198.68M more.
Analysts await EV Energy Partners, L.P. (NASDAQ:EVEP) to report earnings on November, 14. They expect $-0.27 earnings per share, down 268.75% or $0.43 from last year’s $0.16 per share. After $-0.35 actual earnings per share reported by EV Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -22.86% EPS growth.
EV Energy Partners, L.P. (NASDAQ:EVEP) Ratings Coverage
Out of 9 analysts covering EV Energy (NASDAQ:EVEP), 1 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 11% are positive. EV Energy has been the topic of 19 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 11. Raymond James downgraded the stock to “Underperform” rating in Friday, September 4 report. The firm earned “Neutral” rating on Friday, February 12 by Ladenburg Thalmann. The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) has “Buy” rating given on Tuesday, August 11 by Zacks. The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) has “Buy” rating given on Monday, September 14 by Citigroup. On Thursday, August 13 the stock rating was maintained by Wunderlich with “Hold”. As per Tuesday, February 23, the company rating was downgraded by Bank of America. The firm has “Mkt Perform” rating given on Tuesday, November 10 by Raymond James. The firm has “Underperform” rating by Robert W. Baird given on Monday, August 24. On Monday, March 21 the stock rating was downgraded by Citigroup to “Neutral”.
According to Zacks Investment Research, “EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. Its current properties are located in the Appalachian Basin, primarily in Ohio and West Virginia, and in the Monroe Field in Northern Louisiana. EVEP was formed by EnerVest Management Partners, Ltd., one of the largest and most successful managers of oil and gas assets for institutional investors, and which has a proven fourteen year track record of successfully acquiring and operating oil and gas properties in a variety of basins.”
Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.02, from 0.71 in 2016Q1. The ratio is negative, as 11 funds sold all EV Energy Partners, L.P. shares owned while 15 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 3.05 million shares or 34.41% less from 4.64 million shares in 2016Q1.
Goldman Sachs Gp accumulated 19,891 shares or 0% of the stock. Geode Capital holds 23,010 shares or 0% of its portfolio. The Maryland-based Arrow Invest Limited Liability Co has invested 0.18% in EV Energy Partners, L.P. (NASDAQ:EVEP). Blackstone Gp L P has 41,663 shares for 0% of their US portfolio. Susquehanna Limited Liability Partnership has 128,492 shares for 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in EV Energy Partners, L.P. (NASDAQ:EVEP). Hilton Management Ltd Llc accumulated 0.01% or 13,500 shares. Moreover, Barclays Public Ltd Company has 0% invested in EV Energy Partners, L.P. (NASDAQ:EVEP) for 67,382 shares. Stratos Wealth Partners holds 0% of its portfolio in EV Energy Partners, L.P. (NASDAQ:EVEP) for 21,663 shares. Stifel Financial Corporation holds 0% of its portfolio in EV Energy Partners, L.P. (NASDAQ:EVEP) for 46,776 shares. Credit Suisse Ag last reported 129,386 shares in the company. Parkside Comml Bank Tru owns 971 shares or 0% of their US portfolio. Citadel Ltd Liability owns 65,794 shares or 0% of their US portfolio. The Texas-based Wfg Advisors Limited Partnership has invested 0% in EV Energy Partners, L.P. (NASDAQ:EVEP). Adirondack holds 500 shares or 0% of its portfolio.
More important recent EV Energy Partners, L.P. (NASDAQ:EVEP) news were published by: Prnewswire.com which released: “EV Energy Partners Announces $259 Million in Acquisitions from Certain …” on September 03, 2015, also Seekingalpha.com published article titled: “EV Energy Partners Suspends Its Distribution”, Moodys.com published: “Moody’s downgrades EV Energy Partners CFR to B2” on November 25, 2015. More interesting news about EV Energy Partners, L.P. (NASDAQ:EVEP) was released by: Streetinsider.com and their article: “EV Energy Partners (EVEP) Suspends Cash Distribution to Unit Holders …” with publication date: April 27, 2016.
EVEP Company Profile
EV Energy Partners, L.P., incorporated on April 17, 2006, is engaged in the acquisition, development and production of oil and natural gas properties and all of its activities 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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