NEW YORK ( TheStreet) -- EV Energy Partner (Nasdaq: EVEP) hit a new 52-week high Thursday as it is currently trading at $75.94, above its previous 52-week high of $73.37 with 161,754 shares traded as of 9:46 a.m. ET. Average volume has been 377,600 shares over the past 30 days.

EV Energy Partner has a market cap of $2.4 billion and is part of the basic materials sector and energy industry. Shares are up 83.4% year to date as of the close of trading on Wednesday.

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 58.3, below the average energy industry P/E ratio of 66.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates EV Energy Partner as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EV Energy Partner Ratings Report.

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