Zacks Investment Research downgraded shares of EV ENERGY PTNR (EVEP) from NEUTRAL to UNDERPERFORM on October 15, 2012, with a target price of $62.40.
EV Energy Partners is an upstream Master Limited Partnership focused on acquiring and operating oil and gas properties within the continental United States. Its current properties are located in the Appalachian Basin, primarily in Ohio and West Virginia, and in the Monroe Field in Northern Louisiana. EVEP was formed by EnerVest Management Partners, Ltd., one of the largest and most successful managers of oil and gas assets for institutional investors, and which has a proven fourteen year track record of successfully acquiring and operating oil and gas properties in a variety of basins.
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