In a statement issued on 06/08/2017 Stifel dropped the price target of EV Energy (NASDAQ:EVEP) from $1.25 to $0.50 indicating a possible downside of -0.36%.

Yesterday EV Energy (NASDAQ:EVEP) traded -7.86% lower at $0.78. EVEP’s 50-day average is $0.53 and its two hundred day average is $0.84. With the last close down -38.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same period. Trade Volume was down over the average, with 167,078 shares of EVEP changing hands under the typical 199,040

Performance Chart

EV Energy has with a one year low of $0.37 and a one year high of $2.72 and has a total market value of $0.

A total of 6 firms have reported on the stock. 0 brokers rating the stock a strong buy, zero equity analysts rating the company a buy, zero firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $3.33.

General Information About EV Energy (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.

The post A statement released earlier today by Stifel about EV Energy (NASDAQ:EVEP) drops the target price to $0.50 appeared first on Octafinance.