EV Energy upgraded at Raymond James As previously reported, Raymond James upgraded EV Energy to Strong Buy from Outperform. The firm said monetization of the Cardinal Gas Services investment is imminent and the UEO midstream assets partnership is expected to increase distributed cash flow substantially over the next 12-18 months. Price target is $49.
EV Energy announces closing of acquisitions for combined price of $259.4M EV Energy Partners announced it has closed four previously announced acquisitions purchased from certain institutional partnerships managed by EnerVes. The acquisitions represent combined estimated net proved reserves of 302 BCFE in the Appalachian Basin, San Juan Basin, Michigan and Austin Chalk for a combined adjusted purchase price of $259.4M.