EV Energy Partners L.P. (EVEP) Releases Earnings Results, Misses Expectations By $-0.23 EPS

EV Energy Partners L.P. (EVEP) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.58 earnings per share for the quarter, missing the analyst consensus estimate by $-0.23. Analysts had a consensus of $-0.35. The company posted revenue of $42.80 million in the period, compared to analysts expectations of $51.58 million. The company’s revenue was down -3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.25 EPS.

EV Energy Partners L.P. opened for trading at $2.52 and hit $2.63 on the upside on Monday, eventually ending the session at $2.6, with a gain of 3.17% or 0.08 points. The heightened volatility saw the trading volume jump to 4,81,397 shares. Company has a market cap of $128 M.

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).

EV Energy Partners L.P.

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