Is EV Energy Partners L.P. (NASDAQ:EVEP) ripe for a shift?


EV Energy Partners L.P. (NASDAQ:EVEP) said its revenue at the close of the latest quarter were 56.99M%, up 0.33% from the same period a year earlier.

Since EV Energy Partners L.P. incurred expenses of $53.38M to generate the revenue. Its gross income in the quarter was $3.61M. After discounting other operating expenses like salaries from the gross income, it closed up with EPS of $(1.01).

Let’s analyze the technical of the stock

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

The reported EPS from dividing the net income by the number of outstanding shares. Shareholders should bear in mind that EV Energy Partners L.P. closed the quarter with diluted due shares of 49.32M.

For the imminent quarter, though, the market analysts are expecting EPS of $-0.20 from EV Energy Partners L.P..

EV Energy Partners L.P. finished the recent quarter with a cash balance of 8.79M%. It recorded net cash flow of $5.53M from operations, resulting in free cash flow of $(53.85M) for the quarter.

Analysts who have analyzed EV Energy Partners L.P. so far have a recommendation of Hold on its equity. What does that indicate? A recommendation in between 1.00 – 1.24 implies that a stock is a BUY. A call in the band of 1.75 – 2.24 implies a stock is a HOLD, and a call figure in between 2.75 – 3.00 shows a stock is a SELL. So that explains you the perception of EV Energy Partners L.P. on Wall Street.

However, outside HOLD, SELL and BUY other available analyst calls are OVERWEIGHT and UNDERWEIGHT, shown by figures in the range of 1.25 – 1.74 and 2.25 – 2.74, correspondingly.

Analysts on the average are anticipating that shares of EV Energy Partners L.P. will be trading at $1.38 in the next 12 months.