EV Energy Partners, L.P.
 (EVEP)

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  • Aug. 9, 2015, 5:30 PM
    | Aug. 9, 2015, 5:30 PM | 24 Comments
  • Jul. 30, 2015, 4:50 PM
    • EV Energy Partners (NASDAQ:EVEP) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 20.04%
    • Payable Aug. 14; for shareholders of record Aug. 10; ex-div Aug. 6.
    | Jul. 30, 2015, 4:50 PM | 1 Comment
  • Jun. 15, 2015, 12:30 PM
    • Wunderlich analyst Jay Dobson finds a few worthwhile investments in an otherwise weak upstream energy exploration MLP sector that has too much debt on average and has suffered from the dramatic decline in oil, natural gas and natural gas liquids prices since late 2014.
    • Also, a lack of hedging discipline has left the industry more exposed to the declining prices and, in some cases, with very limited financial flexibility, Dobson says.
    • But four Buy-rated MLPs are best positioned for the current energy environment, sharing the attributes of solid liquidity, a runway for improvement, and aggressive action, Dobson says: Memorial Production Partners (MEMP +0.3%), Vanguard Natural Resources (VNR +1.8%), LRR Energy (LRE +3.5%) and Legacy Reserves (LGCY +0.4%).
    • Rated Hold: ARP, BBEP, MCEP, NSLP, EVEP
    | Jun. 15, 2015, 12:30 PM | 26 Comments
  • May 11, 2015, 6:23 AM
    • EV Energy Partners (NASDAQ:EVEP): Q1 EPS of -$1.35 may not be comparable to consensus of $0.17.
    • Revenue of $47.24M (-50.5% Y/Y) misses by $24.02M.
    | May 11, 2015, 6:23 AM
  • May 10, 2015, 5:30 PM
  • Apr. 30, 2015, 5:43 PM
    • EV Energy Partners (NASDAQ:EVEP) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 11.37%
    • Payable May 15; for shareholders of record May 11; ex-div May 7.
    | Apr. 30, 2015, 5:43 PM
  • Apr. 15, 2015, 3:54 PM
    • EV Energy (EVEP +9.7%) is upgraded to Outperform from Sector Perform with a $22 stock price target, raised from $20, at RBC Capital, which notes that EVEP's recently announced sale of its 21% stake in the Utica East Ohio UEO midstream project for $575M marks an attractive price.
    • With re-determination risk passed and liquidity at a max, the firm believes the potential reinvestment of proceeds marks a visible catalyst and shifts EVEP's risk/reward profile for the better.
    | Apr. 15, 2015, 3:54 PM
  • Apr. 6, 2015, 8:25 AM
    • Williams Partners (WPZ, WMB) agrees to acquire additional interest in Utica East Ohio Midstream Partnership from a subsidiary of EV Energy Partners (NASDAQ:EVEP) for ~$575M.
    • WPZ says the acquisition will increase its stake in the natural gas midstream business in the Utica Shale in eastern Ohio to 70%.
    • EVEP says the deal marks the completion of its divestiture of midstream investments in the Utica Shale.
    | Apr. 6, 2015, 8:25 AM | 2 Comments
  • Mar. 2, 2015, 6:38 AM
    • EV Energy Partners (NASDAQ:EVEP): Q4 EPS of $2.03 may not be comparable to consensus of $0.29.
    • Revenue of $70.18M (-10.7% Y/Y) misses by $10.63M.
    | Mar. 2, 2015, 6:38 AM
  • Mar. 1, 2015, 5:30 PM
    | Mar. 1, 2015, 5:30 PM | 3 Comments
  • Feb. 24, 2015, 2:58 PM
    • MLP performance YTD looks encouraging, but J.P. Morgan's Gabriel Daoud has a cautious outlook on the group, noting structural headwinds and the potential for more distribution cuts to come.
    • Atlas Resource Partners (NYSE:ARP), Breitburn Energy Partners (NASDAQ:BBEP), EV Energy Partners (NASDAQ:EVEP), Linn Energy (NASDAQ:LINE) and Vanguard Natural Resources (NASDAQ:VNR) have significantly reduced distributions as the sub-sector enters preservation mode amid ongoing volatility in commodity prices, and Daoud sees more distribution cuts ahead; he believes Legacy Reserves (NASDAQ:LGCY) will cut its 2015 distribution by 51%, and thinks BBEP and LINE will suspend payouts in 2016 and 2017, respectively, absent a significant rebound in commodity prices.
    • However, the analyst sees little chance of a distribution cut for Memorial Production Partners (NASDAQ:MEMP), given its strong hedge book and liquidity position, and he upgrades the stock to Overweight from Neutral with an $18 price target.
    • Daoud also initiates coverage of BP Prudhoe Bay Royalty Trust (NYSE:BPT) with an Underweight rating and a $40 price target.
    | Feb. 24, 2015, 2:58 PM | 13 Comments
  • Feb. 17, 2015, 2:59 PM
    • Upstream MLPs have outperformed to start 2015, generating average total returns of 10%, but yields have also come down from their peak to ~20% YTD, and Wunderlich analyst Abhishek Sinha thinks the average yield will continue to slip to 12%-14%, as more companies are forced to cut distributions.
    • The analyst expects cuts to come from Vanguard Natural Resources (NASDAQ:VNR), Legacy Reserves (NASDAQ:LGCY) and LRR Energy (NYSE:LRE), following the likes of EV Energy Partners (NASDAQ:EVEP), Breitburn Energy Partners (NASDAQ:BBEP) and New Source Energy Partners (NYSE:NSLP).
    • Sinha also says he is less concerned that Viper Energy Partners (NASDAQ:VNOM) could be hurt by rig count reductions after parent Diamondback Energy (NASDAQ:FANG) reaffirmed its intentions to continue to run its two-rig program on VNOM’s acreage.
    | Feb. 17, 2015, 2:59 PM | 11 Comments
  • Feb. 10, 2015, 4:31 PM
    • EV Energy Partners (NASDAQ:EVEP) says President and CEO Mark Houser will resign at the end of this month, and will appoint Michael Mercer as its new President and CEO.
    • Mercer has been Senior VP and CFO since EVEP's IPO in 2006, and had been an investment banker and a consultant to EnerVest.
    • Houser will remain on EVEP's board.
    | Feb. 10, 2015, 4:31 PM
  • Feb. 2, 2015, 2:58 PM
    • EV Energy Partners (EVEP +10.1%) is strongly higher despite its announcement earlier it was cutting its Q4 cash distribution to $0.50/unit from its $0.774 payout for Q3, and estimates a 2015 distribution coverage ratio of more than 1.15x.
    • EVEP says coverage could improve if it is able to divest its midstream assets, Utica acreage or Eagle Ford acreage.
    • EVEP also said it expects Q4 daily production to average ~171M cf/day, down 2.7% from Q3 levels, which lifted overall 2014 production to ~63.55B cf, up 3% Y/Y; EVEP foresees 59.34B-64.94B cf of natural gas during 2015.
    • Reduces 2015 E&P capex plans to $55M-$65M vs. ~$100M for 2014.
    | Feb. 2, 2015, 2:58 PM | 3 Comments
  • Feb. 2, 2015, 7:48 AM
    • EV Energy Partners (NASDAQ:EVEP) declares $0.50/share quarterly dividend, -35.4% decrease from prior dividend of $0.774.
    • Forward yield 14.27%
    • Payable Feb. 13; for shareholders of record Feb. 9; ex-div Feb. 5.
    | Feb. 2, 2015, 7:48 AM
  • Jan. 26, 2015, 7:15 PM
    • It was a great day for energy stocks in at least one group of high-yield dividend dogs, as the five energy names making up the top six stocks in David Fish's Dec. 31 composite list of Champions, Contenders and Challengers list all enjoyed substantial gains: EVEP +10.7%, BBEP +21.5%, VNR +12%, CLMT +6.1% and WPZ +0.4%.
    • So far in January, most results for the energy stocks in the group are still lower: EVEP -24%, BBEP -6.3%, VNR -0.7%, CLMT +16.2%, WPZ -2.5%.
    | Jan. 26, 2015, 7:15 PM | 10 Comments
Company Description
EV Energy Partners LP is engaged in the acquisition, development and production of oil and natural gas properties. Its midstream segment is engaged in the construction and operation of natural gas processing and natural gas liquids fractionation.