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EV Energy (NASDAQ:EVEP) declared a quarterly dividend on Friday, January 31st, American Banking & Market News reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.771 per share on Friday, February 14th. This represents a $3.08 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Thursday, February 6th.

EVEP has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of EV Energy from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $38.00 price target on the stock, down previously from $42.00. On the ratings front, analysts at Zacks downgraded shares of EV Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $32.20 price target on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of EV Energy in a research note to investors on Wednesday, November 13th. They now have a $39.00 price target on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.35.

EV Energy (NASDAQ:EVEP) traded up 0.67% during mid-day trading on Friday, hitting $35.94. The stock had a trading volume of 239,673 shares. EV Energy has a 1-year low of $30.53 and a 1-year high of $59.86. The stock’s 50-day moving average is $34.01 and its 200-day moving average is $36.33. The company’s market cap is $1.738 billion.

EV Energy (NASDAQ:EVEP) last announced its earnings results on Tuesday, November 12th. The company reported ($0.29) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.28 by $0.57. The company had revenue of $81.41 million for the quarter, compared to the consensus estimate of $87.78 million. During the same quarter last year, the company posted ($1.15) earnings per share. EV Energy’s revenue was up 18.5% compared to the same quarter last year. On average, analysts predict that EV Energy will post $-0.16 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.

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