EV Energy Partners, L.P. (NASDAQ:EVEP) stock is now trading 79.01% below its 52-week-high, 16.07% above its 52-week-low. The high end estimate for this time frame is $0.56 with the low being $-0.65. During the same quarter in the prior year, the company posted ($0.19) EPS.
Zacks downgraded BreitBurn Energy Partners L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 17th.
EV Energy Partners, L.P. (the Partnership) is engaged in the acquisition, development and production of oil and natural gas properties. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company’s stock. EV Energy Partners, L.P. (NASDAQ:EVEP) has underperformed the index by 27.19% in the last 4 weeks. The 12-month average target price stands at $13.80, implying upward potential of 89.3% over the current trading stock price of $7.37, as of 12:51 PM EDT. The 50-day moving average is $3.82 and the 200 day moving average is recorded at $5.74. (NASDAQ:EVEP) traded up 2.4747% on Tuesday, reaching $8.3107. They set a “hold” rating and a $14.00 price objective for the company. They set an equal weight rating and a $6.50 price target on the stock.
Wunderlich reiterated their Hold stance on the same day, and decreased their price target from $12 to $11. The company’s stock had a trading volume of 163,394 shares. On average, equities research analysts predict that BreitBurn Energy Partners L.P. will post ($0.23) earnings per share for the current year.
CVR Partners (NYSE:UAN) has agreed to buy nitrogen fertilizer maker – Rentech Nitrogen Partners, L.P. (RNF – Snapshot Report) – in a cash and stock deal worth $533 million in a bid to create a leading player in the nitrogen fertilizer space with diversified assets and markets. The firm earned $47.20 million during the quarter, compared to the consensus estimate of $71.30 million. The revenue surprise factor in per share dollar terms was $N/A for the last quarter or N/A%.
The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 24.36%. The ex-dividend date of this dividend is Thursday, August 6th. Morgan Stanley assumed coverage on EV Energy Partners, L.P.in a report on Monday, June 1st. Its midstream assets include transmission and gathering pipelines, gas processing plants, NGL recovery plants, a controlling interest in a salt water disposal company, a 51-mile oil pipeline in Oklahoma and the 120-mile Transpetco Pipeline. The Companys producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: the Permian Basin, Michigan, Indiana and Kentucky, Ark-La-Tex, the Midcontinent, the Rockies, Florida and California.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Breitburn Energy Partners Lp, Butler John R Jr, had purchased 6,510 shares in a transaction dated on December 2, 2014. 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.