Revenue Update on EV Energy Partners L.P.(NASDAQ:EVEP)

EV Energy Partners L.P.(NASDAQ:EVEP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $42.83M. Analysts estimated a revenue of $54.48M. Earnings per share were $-1.56. Analysts had estimated an EPS of $-0.30.

EV Energy Partners L.P. (EVEP) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -1.26% at a volume of 3,23,763. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.44. The peak price level was also seen at $2.44 while the days lowest was $2.31. Finally the shares closed at $2.35. The 52-week high of the shares is $9.3099 while the 52-week low is $1.6. According to the latest information available, the market cap of the company is $115 M.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Nicholas Bobrowski (CFO) purchased 10,000 shares at $1.92 per share price.Also, On Nov 12, 2015, John B Walker (director officer ) purchased 100,000 shares at $3.97 per share price.On Jan 21, 2015, Iii George Lindahl (director) purchased 5,000 shares at $14.81 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s general partner is EV Energy GP L.P. (EV Energy GP).

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