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A statement released earlier today by Stifel Nicolaus about EV Energy Partners (NDAQ:EVEP) lowers the target price to $0.50

Displaying a price of $0.66, EV Energy Partners (NDAQ:EVEP) traded -7.86% lower on the day. The last stock close price is down -38.67% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the date range. EV Energy Partners has recorded a 50-day average of $0.53 and a two hundred day average of $0.84. Trade Volume was down over the average, with 167,078 shares of EVEP changing hands under the typical 199,040

Stifel Nicolaus bumped down the target of EV Energy Partners (NDAQ:EVEP) to $0.50 reporting a potential downside of -0.24%.

Recent Performance Chart

EV Energy Partners (NDAQ:EVEP)

EV Energy Partners has a with a one year low of $0.37 and a one year high of $2.72 EVEP’s total market value is presently $0.

A total of 6 brokers have issued a research note on the company. 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $3.33.

Brief Synopsis On EV Energy Partners (NDAQ:EVEP)

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. Its activities are concentrated in the Ohio and West Virginia areas of the Appalachian Basin. Its properties are located in Rio Arriba County, New Mexico and La Plata County in Colorado. It owns Eagle Ford oil and natural gas properties in Karnes County, including Eagle Ford and Austin Chalk reserves. It holds interest in approximately 9,150 acres in Karnes County. Its properties are located in the Antrim Shale reservoir in Otsego and Montmorency counties in northern Michigan.

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