EV Energy Partner Stock Falls On Unusually High Volume (EVEP)

NEW YORK ( TheStreet) -- EV Energy Partner (Nasdaq: EVEP) is trading at unusually high volume Wednesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading down $2.03 (-3.2%) at $60.88 as of 4 p.m. ET.

EV Energy Partner has a market cap of $2.53 billion and is part of the basic materials sector and energy industry. Shares are down 4.5% year to date as of the close of trading on Tuesday.

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 23.3, below the average energy industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EV Energy Partner as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally poor debt management. You can view the full EV Energy Partner Ratings Report.

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