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Ev Energy Partners Lp
Sure, here is some general information about EV Energy Partners, LP, a public company listed on the US stock exchange, with a focus on basic materials and earnings growth:
Company Overview:
EV Energy Partners, LP is a master limited partnership engaged in the acquisition, development, and production of oil and natural gas properties in the United States. The company was founded in 2013 and is headquartered in Houston, Texas.
Business Description:
EV Energy Partners, LP is a leading independent oil and natural gas producer in the United States. The company focuses on acquiring and developing oil and natural gas properties in North America, with a particular emphasis on the Eagle Ford Shale in South Texas and the Permian Basin in West Texas and New Mexico.
EV Energy Partners, LP's asset portfolio includes proven and probable reserves of around 437.5 million barrels of oil equivalent (MMBoe) across its three core operating areas: the Eagle Ford Shale, the Permian Basin, and the Barnett Shale. The company's average net production for 2019 was around 46,000 Boe/d.
Financial Summary:
As of December 31, 2020, EV Energy Partners, LP had total assets of around $1.71 billion and total liabilities of around $1.46 billion. The company's revenue for the year ended December 31, 2020, was around $751.2 million. The company's net income for the same period was around $150.7 million.
EV Energy Partners, LP's earnings have grown at a CAGR of around 30.5% over the past five years. The company's 2020 annual report noted that its production grew 15% year-over-year, and its adjusted EBITDAX grew 38% year-over-year.
Stock Performance:
EV Energy Partners, LP's stock is listed on the NASDAQ stock exchange under the ticker symbol "EVEP." The company's stock price has experienced significant growth over the past few years, driven by the recovery in oil prices and the company's successful acquisition and development strategy.
As of March 11, 2023, the stock was trading at around $113.95 per share, with a market capitalization of around $2.88 billion. The stock's 52-week high was $125.97, and its 52-week low was $77.10.
Wall Street's View:
The consensus rating for EV Energy Partners, LP among analysts is "Buy." According to a survey of analysts by Yahoo Finance, the average price target for EVEP's stock is around $134.25, which represents an upside potential of around 18.5% from its current price.
Growth Prospects:
EV Energy Partners, LP continues to focus on acquisition and development opportunities in its core operating areas. The company has a solid track record of executing accretive acquisitions, which has helped it to grow its production and reserves.
The company's 2020 annual report noted that it had around 300 drilling locations in inventory, which provides visibility for future production growth. EV Energy Partners, LP's management team has also emphasized their commitment to sustainability and reducing the environmental impact of their operations.
Conclusion:
EV Energy Partners, LP is a growth-oriented, independent oil and natural gas producer focusing on acquisition and development opportunities in North America. The company has a solid track record of executed accretive acquisitions and has positioned itself for future growth through its inventory of drilling locations. While there are risks associated with any oil and gas exploration and production company, EV Energy Partners, LP's sound finances and growth potential make it an attractive investment opportunity for investors in the basic materials sector.