Price Action To Observe: Could EV Energy Partners, L.P. Change Direction After Today’s Big Increase?

Price Action To Observe: Could EV Energy Partners, L.P. Change Direction After Today's Big Increase?

The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) is a huge mover today! EV Energy Partners, L.P. (NASDAQ:EVEP) has declined 38.08% since April 28, 2016 and is downtrending. It has underperformed by 44.00% the S&P500.
The move comes after 8 months positive chart setup for the $89.68 million company. It was reported on Dec, 1 by Barchart.com. We have $1.97 PT which if reached, will make NASDAQ:EVEP worth $5.38 million more.

Analysts await EV Energy Partners, L.P. (NASDAQ:EVEP) to report earnings on March, 6. They expect $-0.21 earnings per share, down 195.45% or $0.43 from last year’s $0.22 per share. After $-0.38 actual earnings per share reported by EV Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -44.74% EPS growth.

EV Energy Partners, L.P. (NASDAQ:EVEP) Ratings Coverage

Out of 9 analysts covering EV Energy (NASDAQ:EVEP), 0 rate it a “Buy”, 4 “Sell”, while 5 “Hold”. This means 0 are positive. EV Energy has been the topic of 20 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wells Fargo on Thursday, February 18 to “Underperform”. FBR Capital maintained the stock with “Market Perform” rating in Monday, October 12 report. The rating was downgraded by Robert W. Baird to “Underperform” on Monday, August 24. The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) earned “Neutral” rating by Citigroup on Monday, March 21. The stock has “Underperform” rating given by Raymond James on Friday, September 4. As per Monday, October 31, the company rating was downgraded by Stifel Nicolaus. As per Wednesday, October 21, the company rating was downgraded by Bank of America. On Tuesday, August 11 the stock rating was downgraded by Zacks to “Buy”. Credit Suisse downgraded the shares of EVEP in a report on Thursday, August 13 to “Underperform” rating. The stock of EV Energy Partners, L.P. (NASDAQ:EVEP) earned “Hold” rating by Wunderlich on Thursday, November 12.

According to Zacks Investment Research, “EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. Its current properties are located in the Appalachian Basin, primarily in Ohio and West Virginia, and in the Monroe Field in Northern Louisiana. EVEP was formed by EnerVest Management Partners, Ltd., one of the largest and most successful managers of oil and gas assets for institutional investors, and which has a proven fourteen year track record of successfully acquiring and operating oil and gas properties in a variety of basins.”

Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.15, from 0.69 in 2016Q1. The ratio is negative, as 11 funds sold all EV Energy Partners, L.P. shares owned while 15 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 3.05 million shares or 34.41% less from 4.64 million shares in 2016Q1.
Raymond James & Assoc holds 227,954 shares or 0% of its portfolio. Rbf Capital Lc owns 435,321 shares or 0.2% of their US portfolio. Wfg Advsrs Limited Partnership has 0% invested in the company for 6,254 shares. Oppenheimer And Co has 0% invested in the company for 28,549 shares. First Manhattan holds 0% of its portfolio in EV Energy Partners, L.P. (NASDAQ:EVEP) for 500 shares. Royal Natl Bank Of Canada owns 6,900 shares or 0% of their US portfolio. Moreover, Exane Derivatives has 0% invested in EV Energy Partners, L.P. (NASDAQ:EVEP) for 116 shares. Moreover, Goldman Sachs Inc has 0% invested in EV Energy Partners, L.P. (NASDAQ:EVEP) for 19,891 shares. Huntington State Bank last reported 12,078 shares in the company. The Massachusetts-based Commonwealth Equity has invested 0% in EV Energy Partners, L.P. (NASDAQ:EVEP). Moreover, Geode Cap Mgmt Lc has 0% invested in EV Energy Partners, L.P. (NASDAQ:EVEP) for 23,010 shares. Hilton Mgmt Llc owns 13,500 shares or 0.01% of their US portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. Guggenheim Cap Lc last reported 0% of its portfolio in the stock. Blackstone Gru Ltd Partnership holds 41,663 shares or 0% of its portfolio.

More important recent EV Energy Partners, L.P. (NASDAQ:EVEP) news were published by: Globenewswire.com which released: “EV Energy Partners Schedules Third Quarter 2016 Earnings Release Conference …” on October 20, 2016, also Prnewswire.com published article titled: “EV Energy Partners Announces $259 Million in Acquisitions from Certain …”, Seekingalpha.com published: “EV Energy Partners Suspends Its Distribution” on May 02, 2016. More interesting news about EV Energy Partners, L.P. (NASDAQ:EVEP) was released by: Moodys.com and their article: “Moody’s downgrades EV Energy Partners CFR to B2” with publication date: November 25, 2015.

EVEP Company Profile

EV Energy Partners, L.P., incorporated on April 17, 2006, is engaged in the acquisition, development and production of oil and natural gas properties and all of its activities are located in the United States. The Company’s oil and natural gas properties are located in the Barnett Shale; 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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