GSA Capital Partners LLP Has $374,000 Position in EV Energy Partners, L.P. (EVEP)

GSA Capital Partners LLP raised its position in EV Energy Partners, L.P. (NASDAQ:EVEP) by 24.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,123 shares of the oil and gas company’s stock after buying an additional 34,622 shares during the period. GSA Capital Partners LLP owned 0.37% of EV Energy Partners, L.P. worth $374,000 at the end of the most recent reporting period.

Separately, RR Advisors LLC acquired a new position in shares of EV Energy Partners, L.P. during the fourth quarter worth about $209,000. Institutional investors own 8.52% of the company’s stock.

EV Energy Partners, L.P. (NASDAQ:EVEP) traded up 0.65% during midday trading on Friday, reaching $1.56. The company’s stock had a trading volume of 119,615 shares. The company’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.89. EV Energy Partners, L.P. has a 1-year low of $1.43 and a 1-year high of $3.59. The company’s market capitalization is $77.01 million.

EV Energy Partners, L.P. (NASDAQ:EVEP) last announced its earnings results on Wednesday, March 1st. The oil and gas company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. EV Energy Partners, L.P. had a negative return on equity of 4.95% and a negative net margin of 82.31%. The business earned $52.44 million during the quarter, compared to the consensus estimate of $63.31 million. During the same period in the prior year, the business posted ($1.43) earnings per share. EV Energy Partners, L.P.’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that EV Energy Partners, L.P. will post ($1.17) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research upgraded shares of EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a research report on Tuesday, January 3rd.

About EV Energy Partners, L.P.

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.