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Stifel Nicolaus reported on EV Energy Partners, L.P. (NASDAQ:EVEP), cutting its target to $0.50 earlier today

Yesterday EV Energy Partners, L.P. (NASDAQ:EVEP) traded -7.86% lower at $0.78. The company’s 50-day moving average is $0.53 and its 200-day moving average is $0.84. The last closing price is down -38.67% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 167,078 shares of the stock were exchanged, down from an average trading volume of 199,040

Stifel Nicolaus reduced the price target of EV Energy Partners, L.P. (NASDAQ:EVEP) to $0.50 reporting a potential downside of -0.36%.

See Chart Below

EV Energy Partners, L.P. (NASDAQ:EVEP)

EV Energy Partners, L.P. has a 52 week low of $0.37 and a 52 week high of $2.72 The company’s market cap is currently $0.

In addition to Stifel Nicolaus reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $3.33 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About EV Energy Partners, L.P. (NASDAQ: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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