EV Energy Partners (NASDAQ:EVEP) — This limited partnership acquires and develops oil and natural gas properties in the Appalachian Basin, Central and East Texas, the Permian Basin, and other major oil and gas regions in the United States.
It has consistently met or exceeded analysts’ estimates and had two upward revisions in earnings in August. There is an emerging shale play in its Utica Shale holdings that could result in positive news before year end. It earned $2.01 in 2010, and the consensus estimate for 2011 is $2.56. EVEP’s expected dividend is $3.04 for a current yield of 4.27%.
The stock has held above its 200-day moving average for over two years and broke from a three-month consolidation in July to a new high at over $77. But because it is currently overvalued and the stochastic has issued a sell signal, it is likely that it could be bought at $65 or lower. Fundamental analysts target the future price at $86, and technical analysis targets it at $82.