The firm said it lowered its rating on the company, which is engaged in the acquisition, development, and production of oil and natural gas properties, based on a valuation call.
Separately, TheStreet Ratings team rates EV ENERGY PARTNERS LP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate EV ENERGY PARTNERS LP (EVEP) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."
You can view the full analysis from the report here: EVEP Ratings Report