This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Stocks Insiders Love Right Now

EV Energy Partner LP

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

One energy player that insiders are jumping into big here is EV Energy Partner LP ( EVEP), which is engaged in the development and production of oil and natural gas properties. Insiders are buying this stock into big weakness, since shares are down by 33% so far in 2013.

>>5 Hated Earnings Stocks You Should Love

EV Energy Partner LP has a market cap of $1.6 billion and an enterprise value of $2.5 billion. This stock trades at a cheap valuation, with a forward price-to-earnings of 25.67. Its estimated growth rate for this year is 155.3%, and for next year it's pegged at 595.2%. This is not a cash-rich company, since the total cash position on its balance sheet is $8.28 million and its total debt is $1.02 billion. This stock currently sports a dividend yield of 8.4%.

The chairman of the board just bought 135,000 shares, or about $4.97 million worth of stock, at $36.86 per share. The CEO also just bought 15,000 shares, or about $552,000 worth of stock, at $36.86 per share.

From a technical perspective, EVEP is currently trending above its 50-day moving average and well below its 200-day moving average, which is neutral trendwise. This stock has been trending sideways and consolidating over the last two months and change, with shares moving between $34.01 on the downside and $39.74 on the upside. Shares of EVEP have just started to trend back above its 50-day moving average, and it's quickly moving within range of triggering a breakout trade above the upper-end of its sideways chart pattern.

If you're bullish on EVEP, then look for long-biased trades as long as this stock is trending above some key near-term support levels at $36.55 or at $35.60 and then once it breaks out above some near-term overhead resistance levels at $38.94 to $39.74 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average volume of 254,366 shares. If that breakout triggers soon, then EVEP will set up to re-test or possibly take out its next major overhead resistance levels at $42 to $42.50, or even its 200-day moving average of $43.29 a share.

4 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs