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EV Energy Partners, L.P. (NASDAQ:EVEP) hit a new 52-week high on Wednesday , StockRatingsNetwork.com reports. The company traded as high as $40.25 and last traded at $39.96, with a volume of 260,143 shares trading hands. The stock had previously closed at $39.06.

EVEP has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of EV Energy Partners, L.P. from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday. They now have a $49.00 price target on the stock. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $42.44.

The stock’s 50-day moving average is $37.88 and its 200-day moving average is $36.05. The company’s market cap is $1.940 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.74 earnings per share. EV Energy Partners, L.P.’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that EV Energy Partners, L.P. will post $0.45 earnings per share for the current fiscal year.

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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