UPDATE: Global Hunter Securities Upgrades EV Energy Partners (EVEP) to Buy
Tweet
Share
E-mailGet Alerts EVEP Hot Sheet
Price: $0.13 --0%
Rating Summary:
4 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
(Updated - June 12, 2013 2:35 PM EDT)
Global Hunter Securities upgraded EV Energy Partners (NASDAQ: EVEP) from Neutral to Buy with a price target of $42.00 (from $43). Analyst Bernard Colson thinks units are meaningfully undervalued
"Our $42 price target is composed of $24 for the base business, $12 for the Utica acreage and $6 for the MLP's Utica midstream investments. In addition, despite the 0.65x distribution coverage reported in Q1, we believe the distribution is sustainable at the current level, meaning EVEP's current 8.8% yield should serve as a solid valuation foundation as the company works through the process of selling the Utica acreage, redeploying the proceeds and investing in and monetizing midstream," said Colson.
For an analyst ratings summary and ratings history on EV Energy Partners click here. For more ratings news on EV Energy Partners click here.
Shares of EV Energy Partners closed at $34.91 yesterday.
Global Hunter Securities upgraded EV Energy Partners (NASDAQ: EVEP) from Neutral to Buy with a price target of $42.00 (from $43). Analyst Bernard Colson thinks units are meaningfully undervalued
"Our $42 price target is composed of $24 for the base business, $12 for the Utica acreage and $6 for the MLP's Utica midstream investments. In addition, despite the 0.65x distribution coverage reported in Q1, we believe the distribution is sustainable at the current level, meaning EVEP's current 8.8% yield should serve as a solid valuation foundation as the company works through the process of selling the Utica acreage, redeploying the proceeds and investing in and monetizing midstream," said Colson.
For an analyst ratings summary and ratings history on EV Energy Partners click here. For more ratings news on EV Energy Partners click here.
Shares of EV Energy Partners closed at $34.91 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- UBS Reiterates Buy Rating on HF Sinclair (DINO)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
