Analysts at Wunderlich began coverage on shares of EV Energy (NASDAQ:EVEP) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $39.00 price target on the stock. Wunderlich’s price target would suggest a potential upside of 4.42% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James cut their price target on shares of EV Energy from $50.00 to $47.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of EV Energy from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, August 14th. They now have a $40.00 price target on the stock, down previously from $48.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of EV Energy in a research note to investors on Tuesday, August 13th. They now have a $53.00 price target on the stock, down previously from $57.00. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.20.
EV Energy (NASDAQ:EVEP) opened at 37.35 on Wednesday. EV Energy has a 52-week low of $32.61 and a 52-week high of $66.30. The stock has a 50-day moving average of $37.8 and a 200-day moving average of $42.78. The company’s market cap is $1.591 billion.
EV Energy (NASDAQ:EVEP) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.58. The company had revenue of $81.60 million for the quarter, compared to the consensus estimate of $85.87 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Analysts expect that EV Energy will post $0.21 EPS for the current fiscal year.
In other EV Energy news, Chairman John B. Walker bought 135,000 shares of the stock on the open market in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $36.86 per share, with a total value of $4,976,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.
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