EV Energy (NASDAQ:EVEP) declared a quarterly dividend on Monday, July 29th, StockRatingsNetwork reports. Investors of record on Thursday, August 8th will be given a dividend of $0.769 per share on Wednesday, August 14th. This represents a $3.08 dividend on an annualized basis and a yield of 7.31%.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of EV Energy in a research note to investors on Tuesday, July 16th. They set an “outperform” rating on the stock. On a related note, analysts at Global Hunter Securities reiterated a “buy” rating on shares of EV Energy in a research note to investors on Monday, July 8th. They now have a $42.00 price target on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of EV Energy from $61.00 to $49.00 in a research note to investors on Monday, July 8th. They now have an “outperform” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.67.
EV Energy (NASDAQ: EVEP) traded up 0.39% on Monday, hitting $42.06. EV Energy has a 52-week low of $32.61 and a 52-week high of $66.30. The stock’s 50-day moving average is currently $37.45. The company’s market cap is $1.792 billion.
EV Energy (NASDAQ:EVEP) last released its earnings data on Friday, May 10th. The company reported ($1.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $1.25. The company had revenue of $73.70 million for the quarter, compared to the consensus estimate of $85.18 million. During the same quarter last year, the company posted $0.69 earnings per share. EV Energy’s revenue was down 5.1% compared to the same quarter last year. Analysts expect that EV Energy will post $-0.03 EPS for the current fiscal year.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.
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