Equal Energy Ltd. (NYSE:ENT) saw strong trading volume on Wednesday . 460,572 shares changed hands during trading, an increase of 26% from the previous session’s volume of 366,522 shares.The stock last traded at $7.59 and had previously closed at $7.47.

Separately, Zacks Investment Research downgraded Equal Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.

The company’s 50-day moving average price is $7.03 and its 200 day moving average price is $8.44. The company’s market cap is $590.89 million.

Equal Energy (NYSE:ENT) last posted its earnings results on Monday, May 9th. The oil and gas exploration company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.01. The firm earned $113.80 million during the quarter, compared to the consensus estimate of $112.29 million.

Several institutional investors have recently bought and sold shares of the stock. Columbia Wanger Asset Management LLC increased its position in 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 valued at $22,487,000 after buying an additional 510,734 shares during the last quarter. Brown Advisory Inc. purchased a new position in Equal Energy during the fourth quarter valued at approximately $9,640,000. LLBH Private Wealth Management LLC purchased a new position in Equal Energy during the fourth quarter valued at approximately $10,797,000. Wells Fargo & Company MN increased its position in 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 valued at $11,148,000 after buying an additional 301,888 shares during the last quarter. Finally, Royce & Associates LLC increased its position in 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 valued at $1,623,000 after buying an additional 55,200 shares during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.