EV Energy Partners L.P. (EVEP) Receives Price Target

EV Energy Partners L.P. (EVEP) stock is expected to deviate a maximum of $1.5 from the average target price of $2.5 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $4 and the most muted being $1.

EV Energy Partners L.P. (EVEP) : 1 brokerage houses believe that EV Energy Partners L.P. (EVEP) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EV Energy Partners L.P. (EVEP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.2.


EV Energy Partners L.P. (NASDAQ:EVEP): The stock opened at $2.32 on Thursday but the bulls could not build on the opening and the stock topped out at $2.38 for the day. The stock traded down to $2.26 during the day, due to lack of any buying support eventually closed down at $2.34 with a loss of -0.85% for the day. The stock had closed at $2.36 on the previous day. The total traded volume was 173,151 shares.

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 (UEO). 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 Companys general partner is EV Energy GP, L.P. (EV Energy GP).

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