NEW YORK (

TheStreet

) --

EV Energy Partners

(Nasdaq:

EVEP

) hit a new 52-week high Friday as it is currently trading at $68.52, above its previous 52-week high of $66.40 with 188,766 shares traded as of 9:37 a.m. ET. Average volume has been 328,700 shares over the past 30 days.

EV Energy has a market cap of $2.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 62.7% year to date as of the close of trading on Thursday.

EV Energy Partners, L.P. engages in the acquisition, development, and production of oil and natural gas properties in the United States. The company has a P/E ratio of 119.3, below the average energy industry P/E ratio of 124 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates EV Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

EV Energy Ratings Report

.

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