EV Energy Partners, L.P. Given Consensus Rating of “Buy” by Brokerages (NASDAQ:EVEP)
EV Energy Partners, L.P. (NASDAQ:EVEP) has earned a consensus rating of “Buy” from the eleven analysts that are covering the company, AnalystRatings.Net reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $42.64.
Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) opened at 36.86 on Wednesday. EV Energy Partners, L.P. has a one year low of $30.53 and a one year high of $40.24. The stock has a 50-day moving average of $38.18 and a 200-day moving average of $35.96. The company’s market cap is $1.790 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Friday, August 8th will be given a dividend of $0.773 per share. This represents a $3.09 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend is Wednesday, August 6th. This is a boost from EV Energy Partners, L.P.’s previous quarterly dividend of $0.77.
A number of research firms have recently commented on EVEP. Analysts at Robert W. Baird raised their price target on shares of EV Energy Partners, L.P. from $39.00 to $41.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock. Analysts at Wunderlich downgraded shares of EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 25th. They now have a $41.00 price target on the stock, up previously from $40.00.
EV Energy Partners, L.P. (NASDAQ:EVEP) is engaged in the acquisition, development and production of oil and natural gas properties.
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