EV Energy Partners, L.P. (NASDAQ:EVEP) had its price objective cut by research analysts at FBR & Co. from $4.00 to $2.50 in a research report issued on Wednesday, StockTargetPrices.com reports. FBR & Co.’s price objective indicates a potential downside of 7.41% from the company’s current price.

Other analysts have also recently issued reports about the company. Wunderlich cut their target price on EV Energy Partners, L.P. from $11.00 to $6.00 in a research note on Tuesday, October 27th. Raymond James raised EV Energy Partners, L.P. from an “underperform” rating to a “market perform” rating in a research note on Tuesday, November 10th. Bank of America cut EV Energy Partners, L.P. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $7.00 in a research note on Wednesday, October 21st. Finally, Credit Suisse cut their target price on EV Energy Partners, L.P. from $6.00 to $5.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $11.05.

Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) traded up 5.88% during trading on Wednesday, hitting $2.70. The stock had a trading volume of 691,337 shares. The firm has a market cap of $131.95 million and a PE ratio of 0.70. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $5.74. EV Energy Partners, L.P. has a 52-week low of $1.60 and a 52-week high of $20.02.

EV Energy Partners, L.P. (NASDAQ:EVEP) last posted its earnings results on Monday, November 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.42. The company earned $38.30 million during the quarter, compared to the consensus estimate of $56.35 million. EV Energy Partners, L.P.’s revenue was down 54.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that EV Energy Partners, L.P. will post $1.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Stockholders of record on Friday, February 5th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, February 3rd. This represents a $0.30 annualized dividend and a dividend yield of 11.11%.

In other EV Energy Partners, L.P. news, insider John B. Walker bought 100,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $390,000.00. Following the completion of the acquisition, the insider now owns 549,042 shares of the company’s stock, valued at $2,141,263.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

EV Energy Partners, L.P. is an upstream master limited partnership. The Company is engaged in the acquisition, operation, and development of oil and gas properties. The exploration and production operation is engaged in the acquisition, development and production of its oil and natural gas properties. The midstream operation consists of its investments in Utica East Ohio Midstream LLC (NASDAQ:EVEP). Its oil and natural gas properties were located in the Barnett Shale, the Appalachian Basin (which includes the Utica Shale), the Mid Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana, the Monroe Field in Northern Louisiana, the San Juan Basin, Michigan, Central Texas (which includes the Austin Chalk area), and the Permian Basin. It had estimated net proved reserves of approximately 11.9 MMBbls of oil, over 712.2 Bcf of natural gas and approximately 36.1 MMBbls of natural gas liquids. The Company’s general partner is EV Energy GP, L.P. (EV Energy GP).

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