EV Energy Partners, L.P. (NASDAQ:EVEP) Director Mark A. Houser bought 38,467 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were acquired at an average price of $0.68 per share, for a total transaction of $26,157.56. Following the transaction, the director now directly owns 381,218 shares in the company, valued at approximately $259,228.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

EV Energy Partners, L.P. (NASDAQ:EVEP) traded down 6.5072% during midday trading on Wednesday, hitting $0.6451. The company had a trading volume of 206,381 shares. The company’s 50 day moving average is $1.14 and its 200 day moving average is $1.66. EV Energy Partners, L.P. has a 12-month low of $0.62 and a 12-month high of $2.73. The stock’s market cap is $31.85 million.

EV Energy Partners, L.P. (NASDAQ:EVEP) last issued its quarterly earnings data on Wednesday, May 10th. The oil and gas company reported ($0.32) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.12. EV Energy Partners, L.P. had a negative return on equity of 7.46% and a negative net margin of 130.00%. The company had revenue of $57 million for the quarter, compared to the consensus estimate of $57.32 million. During the same period in the prior year, the company earned ($0.58) EPS. The firm’s revenue was up 48.8% on a year-over-year basis. On average, equities analysts anticipate that EV Energy Partners, L.P. will post ($1.43) EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. GSA Capital Partners LLP increased its stake in shares of EV Energy Partners, L.P. by 24.0% in the fourth quarter. GSA Capital Partners LLP now owns 179,123 shares of the oil and gas company’s stock valued at $374,000 after buying an additional 34,622 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of EV Energy Partners, L.P. by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 145,084 shares of the oil and gas company’s stock valued at $215,000 after buying an additional 4,018 shares in the last quarter. Arrow Investment Advisors LLC increased its stake in shares of EV Energy Partners, L.P. by 11.1% in the first quarter. Arrow Investment Advisors LLC now owns 424,788 shares of the oil and gas company’s stock valued at $629,000 after buying an additional 42,434 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of EV Energy Partners, L.P. by 422.8% in the first quarter. Morgan Stanley now owns 1,429,391 shares of the oil and gas company’s stock valued at $2,115,000 after buying an additional 1,155,996 shares in the last quarter. 11.60% of the stock is owned by institutional investors.

Several research firms have issued reports on EVEP. Stifel Nicolaus cut EV Energy Partners, L.P. from a “hold” rating to a “sell” rating and dropped their target price for the stock from $1.25 to $0.50 in a research report on Thursday, June 8th. Zacks Investment Research cut EV Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $1.50 target price (down previously from $2.50) on shares of EV Energy Partners, L.P. in a research report on Sunday, May 14th.

About EV Energy Partners, L.P.

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in 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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