Shares of Equal Energy Ltd. (NYSE:ENT) saw an uptick in trading volume on Wednesday . 386,200 shares were traded during mid-day trading, an increase of 11% from the previous session’s volume of 347,771 shares.The stock last traded at $8.07 and had previously closed at $7.94.

A number of research firms have recently commented on ENT. Citigroup Inc. cut their price target on shares of Equal Energy from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday. Zacks Investment Research cut shares of Equal Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.

The company has a 50-day moving average price of $7.13 and a 200-day moving average price of $8.37. The company’s market cap is $641.63 million.

Equal Energy (NYSE:ENT) last announced its quarterly earnings data 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 firm earned $113.80 million during the quarter, compared to analyst estimates of $112.29 million.

A number of institutional investors have made changes to their positions in the stock. Brown Advisory Inc. acquired a new position in shares of Equal Energy during the fourth quarter worth about $9,640,000. LLBH Private Wealth Management LLC acquired a new position in shares of Equal Energy during the fourth quarter worth about $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 during the period. 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 during the period. 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 during the period.

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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