MLV & Co Initiates Coverage on EV Energy (EVEP)
Separately, analysts at Global Hunter Securities initiated coverage on shares of EV Energy in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $83.00 price target on the stock.
Shares of EV Energy opened at 52.74 on Tuesday. EV Energy has a one year low of $47.70 and a one year high of $77.96. The company has a market cap of $2.232 billion and a P/E ratio of 12.44.
EV Energy last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.18. EV Energy’s revenue was up 27.4% compared to the same quarter last year. On average, analysts predict that EV Energy will post $0.47 earnings per share next quarter.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties.