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Downgrade Alert for EV Energy Partner (EVEP)

By Nick Russo

EV Energy Partner (NASDAQ:EVEP) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $1.81 on volume of 1.0 million shares, above average daily volume of 760,000.

There is potential upside of 259.5% for shares of EV Energy Partner based on a current price of $1.86 and an average consensus analyst price target of $6.69. EV Energy Partner shares should first meet resistance at the 50-day moving average (MA) of $2.22 and find additional resistance at the 200-day MA of $4.42.

EV Energy Partner share prices have moved between a 52-week high of $18.14 and a 52-week low of $1.60 and closed yesterday at 16% above that low price at $1.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 3.2% while the 50-day MA has advanced 2.6%.

EV Energy Partner LP explores for oil and natural gas.

SmarTrend is tracking the current trend status for EV Energy Partner and will alert subscribers who have EVEP in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades ev energy partner

Ticker(s): EVEP