EV Energy (NASDAQ:EVEP) released its earnings data on Friday. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.58, AR Network reports. 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 prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis.
EVEP has been the subject of a number of recent research reports. 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 the ratings front, 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $54.67.
EV Energy (NASDAQ:EVEP) opened at 39.04 on Monday. 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 $39.13. The company’s market cap is $1.652 billion.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 14th. Investors of record on Thursday, August 8th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date of this dividend is Tuesday, August 6th. This is an increase from EV Energy’s previous quarterly dividend of $0.77.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.
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