Equal Energy Ltd. (NYSE:ENT)’s share price shot up 7.5% on Friday . The company traded as high as $7.21 and last traded at $7.15, with a volume of 214,570 shares traded. The stock had previously closed at $6.65.

Separately, Zacks Investment Research lowered shares of Equal Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.

The firm’s 50 day moving average price is $6.99 and its 200 day moving average price is $8.50. The company’s market capitalization is $554.20 million.

Equal Energy (NYSE:ENT) last issued its earnings results on Monday, May 9th. The oil and gas exploration company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $113.80 million for the quarter, compared to analyst estimates of $112.29 million.

A number of institutional investors recently modified their holdings of the company. Brown Advisory Inc. bought a new position in shares of Equal Energy during the fourth quarter worth approximately $9,640,000. LLBH Private Wealth Management LLC bought a new position in shares of Equal Energy during the fourth quarter worth approximately $10,797,000. Columbia Wanger Asset Management LLC increased its position in shares of Equal Energy by 28.9% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 2,278,304 shares of the oil and gas exploration company’s stock worth $22,487,000 after buying an additional 510,734 shares in the last quarter. Royce & Associates LLC increased its position in shares of Equal Energy by 50.5% in the fourth quarter. Royce & Associates LLC now owns 164,400 shares of the oil and gas exploration company’s stock worth $1,623,000 after buying an additional 55,200 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Equal Energy by 36.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,129,458 shares of the oil and gas exploration company’s stock worth $11,148,000 after buying an additional 301,888 shares in the last quarter.

Equal Energy Ltd. (Equal) is an exploration and production of oil and gas company. Equal’s oil and gas properties are located in Oklahoma. Equal Energy has an indirect, wholly-owned subsidiary, EEUSHI. EEUSHI holds all of Equal’s Oklahoma oil and gas properties and associated assets through its wholly owned subsidiary, Equal Energy US Inc The Company also reviews new drilling opportunities and potential acquisitions in Oklahoma to supplement its exploration and development activities.

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