Shares of EV Energy Partners, L.P. (NASDAQ:EVEP) reached a new 52-week low on Thursday . The company traded as low as $0.43 and last traded at $0.43, with a volume of 462,589 shares changing hands. The stock had previously closed at $0.53.

A number of analysts recently weighed in on EVEP shares. Zacks Investment Research downgraded EV Energy Partners, L.P. from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Citigroup Inc. restated a “neutral” rating and issued a $1.50 price objective (down from $2.50) on shares of EV Energy Partners, L.P. in a report on Sunday, May 14th. Finally, Stifel Nicolaus downgraded EV Energy Partners, L.P. from a “hold” rating to a “sell” rating and decreased their price objective for the company from $1.25 to $0.50 in a report on Thursday, June 8th.

The stock’s market cap is $20.84 million. The company’s 50 day moving average price is $0.59 and its 200 day moving average price is $1.23.

EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. EV Energy Partners, L.P. had a negative net margin of 130.00% and a negative return on equity of 7.46%. The firm had revenue of $56.05 million for the quarter, compared to analysts’ expectations of $52.09 million. During the same quarter in the previous year, the company earned ($0.58) earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. Equities analysts expect that EV Energy Partners, L.P. will post ($1.79) EPS for the current fiscal year.

In related news, Director Mark A. Houser purchased 38,467 shares of EV Energy Partners, L.P. stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of $0.68 per share, for a total transaction of $26,157.56. Following the completion of the transaction, the director now directly owns 381,218 shares of the company’s stock, valued at $259,228.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Houser purchased 40,205 shares of EV Energy Partners, L.P. stock in a transaction that occurred on Friday, June 16th. The shares were bought at an average price of $0.64 per share, for a total transaction of $25,731.20. Following the transaction, the director now directly owns 431,130 shares of the company’s stock, valued at $275,923.20. The disclosure for this purchase can be found here. Insiders acquired 118,517 shares of company stock worth $77,008 in the last 90 days. Corporate insiders own 10.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of EV Energy Partners, L.P. by 2.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 145,084 shares of the oil and gas company’s stock valued at $215,000 after buying an additional 4,018 shares in the last quarter. Arrow Investment Advisors LLC boosted its position in shares of EV Energy Partners, L.P. by 11.1% in the first quarter. Arrow Investment Advisors LLC now owns 424,788 shares of the oil and gas company’s stock valued at $629,000 after buying an additional 42,434 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of EV Energy Partners, L.P. by 422.8% in the first quarter. Morgan Stanley now owns 1,429,391 shares of the oil and gas company’s stock valued at $2,115,000 after buying an additional 1,155,996 shares in the last quarter. Institutional investors own 11.59% of the company’s stock.

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EV Energy Partners, L.P. Company Profile

EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in the Appalachian Basin, which includes the Utica Shale; the San Juan Basin; Michigan; Central Texas, which includes the Austin Chalk area; the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana; the Monroe Field in Northern Louisiana, and the Permian Basin.

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