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Shares of EV Energy Partner Under Pressure, Down 1.4%

Published on Wed, 02/06/2013 - 13:23
By Peter Chu

EV Energy Partner (NASDAQ:EVEP) is one of today's notable stocks in decline, down 1.4% to $58.03. The Dow Jones Industrial Average is now trading fractionally higher to 13,986 and the S&P is trading fractionally higher to 1,512.

EV Energy Partner share prices have moved between a 52-week high of $77.96 and a 52-week low of $40.55 and are now trading 43% above that low price at $58.03 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

EV Energy Partner (NASDAQ:EVEP) has potential upside of 27.8% based on a current price of $58.03 and analysts' consensus price target of $74.14. The stock should run into initial resistance at its 200-day moving average (MA) of $58.16 and subsequent resistance at its 50-day MA of $58.71.

EV Energy Partner LP explores for oil and natural gas.

By Peter Chu