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EV Energy Partners, L.P. (NASDAQ:EVEP) was upgraded by Raymond James to a “strong-buy” rating in a research note issued on Tuesday.

Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) opened at 37.63 on Tuesday. EV Energy Partners, L.P. has a 1-year low of $30.53 and a 1-year high of $40.24. The stock has a 50-day moving average of $37.89 and a 200-day moving average of $36.03. The company’s market cap is $1.828 billion.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its earnings results on Monday, August 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.43. The company had revenue of $89.36 million for the quarter, compared to the consensus estimate of $93.60 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that EV Energy Partners, L.P. will post $0.46 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $41.63.

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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