EV Energy Partners L.P. (EVEP) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $-0.42. The company posted revenue of $38.30 million in the period, compared to analysts expectations of $53.82 million. The company’s revenue was down -18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.25 EPS.
Many Wall Street Analysts have commented on EV Energy Partners L.P.. EV Energy Partners L.P. was Downgraded by Citigroup to ” Neutral” on Mar 21, 2016. EV Energy Partners L.P. was Downgraded by BofA/Merrill to ” Underperform” on Feb 23, 2016. EV Energy Partners L.P. was Downgraded by Wells Fargo to ” Underperform” on Feb 18, 2016.
EV Energy Partners L.P. closed down -0.09 points or -3.44% at $2.53 with 4,39,717 shares getting traded on Friday. Post opening the session at $2.6, the shares hit an intraday low of $2.52 and an intraday high of $2.74 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 5, 2016, Nicholas Bobrowski (CFO) purchased 10,000 shares at $1.92 per share price. According to the SEC, 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).